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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 2024-05-06 View latest technical analysis

10 day averaged volume of Nelco is 239600

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	748.25	759.05	759.05	740.55	0.162 times
03 Fri May 2024	754.15	768.00	768.05	750.00	0.228 times
02 Thu May 2024	761.20	764.00	769.25	756.10	0.225 times
30 Tue Apr 2024	756.25	765.00	768.70	755.00	0.224 times
29 Mon Apr 2024	762.05	767.95	783.45	758.50	0.391 times
26 Fri Apr 2024	762.20	762.30	769.60	758.10	0.278 times
25 Thu Apr 2024	759.40	776.25	784.40	756.55	0.611 times
24 Wed Apr 2024	778.80	804.00	804.00	769.00	1.889 times
23 Tue Apr 2024	808.55	810.10	848.65	802.00	4.594 times
22 Mon Apr 2024	793.65	749.05	804.30	744.00	1.324 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 741.3 as stoploss in an intra day buy trade for a target of 759. However, stock will show a bearish move below 741.3.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	695.00
Downside Target	734.15
Upside Target	769.25
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	739.52
Downside Intraday Target	730.78
Upside Intraday Target	758.02
Upside Intraday Target	767.78
Upside Intraday Target	749.28

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	748.25	759.05	759.05	740.55	0.152 times
03 Fri May 2024	754.15	767.95	783.45	750.00	0.123 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

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
06 Mon May 2024	748.25	764.00	769.25	740.55	0.042 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 down 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 Weak and stock is losing momentum.

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

Nelco Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Nelco in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 790.26 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.