Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-08 View latest technical analysis

10 day averaged volume of Nelco is 210527

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	738.10	737.60	741.40	732.00	0.199 times
07 Tue May 2024	732.85	749.00	751.90	730.00	0.211 times
06 Mon May 2024	748.25	759.05	759.05	740.55	0.184 times
03 Fri May 2024	754.15	768.00	768.05	750.00	0.259 times
02 Thu May 2024	761.20	764.00	769.25	756.10	0.256 times
30 Tue Apr 2024	756.25	765.00	768.70	755.00	0.255 times
29 Mon Apr 2024	762.05	767.95	783.45	758.50	0.444 times
26 Fri Apr 2024	762.20	762.30	769.60	758.10	0.317 times
25 Thu Apr 2024	759.40	776.25	784.40	756.55	0.695 times
24 Wed Apr 2024	778.80	804.00	804.00	769.00	2.15 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 737.4 as stoploss in an intra day buy trade for a target of 756.43. However, stock will show a bearish move below 737.4.

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	725.72
Downside Intraday Target	713.33
Upside Intraday Target	754.77
Upside Intraday Target	771.43
Upside Intraday Target	742.38

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	738.10	759.05	759.05	730.00	0.49 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
08 Wed May 2024	738.10	764.00	769.25	730.00	0.066 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nelco ( (NELCO) ) based on a mid to longer 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.

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 and the sell signal is strong.

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 moving up

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 765.47 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.