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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 2024-05-07 View latest technical analysis

10 day averaged volume of Nelco is 237791

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	732.85	749.00	751.90	730.00	0.187 times
06 Mon May 2024	748.25	759.05	759.05	740.55	0.163 times
03 Fri May 2024	754.15	768.00	768.05	750.00	0.229 times
02 Thu May 2024	761.20	764.00	769.25	756.10	0.226 times
30 Tue Apr 2024	756.25	765.00	768.70	755.00	0.226 times
29 Mon Apr 2024	762.05	767.95	783.45	758.50	0.393 times
26 Fri Apr 2024	762.20	762.30	769.60	758.10	0.28 times
25 Thu Apr 2024	759.40	776.25	784.40	756.55	0.616 times
24 Wed Apr 2024	778.80	804.00	804.00	769.00	1.903 times
23 Tue Apr 2024	808.55	810.10	848.65	802.00	4.629 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 739, but if it comes above 739, then a intra day buy could be more profitable.
If you take a sell trade below 739, then use 739 as stoploss and 716.8 as target. However if you take a buy trade in stock , then use 739 as stoploss and 757.59 as target.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	695.00
Downside Target	730.00
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	722.22
Downside Intraday Target	711.58
Upside Intraday Target	751.27
Upside Intraday Target	769.68
Upside Intraday Target	740.63

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	732.85	759.05	759.05	730.00	0.326 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
07 Tue May 2024	732.85	764.00	769.25	730.00	0.055 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 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 788.54 and Nelco (NELCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Nelco Stock has given negative 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.