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(NELCO) Nelco complete technical analysis [charts+indicators] | Buy/Sell Nelco | (NELCO) share price targets

Complete technical analysis of Nelco (NELCO) by charts plus indicators, forecast predictions and share price targets for Nelco (NELCO)

Nelco trades in NSE in IT Networking Equipment sector.

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Nelco is 254064

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	761.20	764.00	769.25	756.10	0.212 times
30 Tue Apr 2024	756.25	765.00	768.70	755.00	0.211 times
29 Mon Apr 2024	762.05	767.95	783.45	758.50	0.368 times
26 Fri Apr 2024	762.20	762.30	769.60	758.10	0.262 times
25 Thu Apr 2024	759.40	776.25	784.40	756.55	0.576 times
24 Wed Apr 2024	778.80	804.00	804.00	769.00	1.781 times
23 Tue Apr 2024	808.55	810.10	848.65	802.00	4.333 times
22 Mon Apr 2024	793.65	749.05	804.30	744.00	1.248 times
19 Fri Apr 2024	742.30	740.45	747.00	734.50	0.224 times
18 Thu Apr 2024	751.45	763.00	764.30	743.05	0.457 times

My analysis of stock is bullish for shortterm, and stock might move up till 777.3 or till 799.1. Use a stoploss of 759.15 and if this stock hits its stoploss, then it can fall down till 741

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	695.00
Downside Target	734.15
Upside Target	774.95
Upside Target	783.45
Upside Target	787.75
Upside Target	814.00
Upside Target	833.00
Upside Target	848.65
Upside Target	884.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	749.65
Downside Intraday Target	738.1
Upside Intraday Target	778.1
Upside Intraday Target	795
Upside Intraday Target	766.55

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	761.20	767.95	783.45	755.00	0.097 times
26 Fri Apr 2024	762.20	749.05	848.65	744.00	5.099 times
19 Fri Apr 2024	742.30	738.00	764.30	708.60	1.379 times
12 Fri Apr 2024	743.35	763.00	787.75	738.50	0.512 times
05 Fri Apr 2024	761.30	712.00	774.95	695.00	1.775 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	761.20	764.00	769.25	756.10	0.015 times
30 Tue Apr 2024	756.25	712.00	848.65	695.00	1.168 times
28 Thu Mar 2024	694.15	758.80	833.00	676.40	1.417 times
29 Thu Feb 2024	754.20	798.40	814.00	734.15	0.465 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Nelco (NELCO)

Price action analysis of Nelco ( (NELCO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Nelco ( (NELCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nelco ( (NELCO) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Nelco stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Nelco in short term but the sell signal is initial and weak.

Nelco Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nelco in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nelco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 788.79 and Nelco (NELCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Nelco (NELCO) stock. Volume based technical analysis of Nelco (NELCO) stock is negative.

Nelco Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.