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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 2024-05-18 View latest technical analysis

10 day averaged volume of Nelco is 54811

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	747.85	750.05	752.50	740.60	0.278 times
17 Fri May 2024	739.55	730.90	750.20	730.90	1.346 times
16 Thu May 2024	730.90	725.50	737.85	720.00	1.032 times
15 Wed May 2024	729.90	738.45	738.45	725.00	0.946 times
14 Tue May 2024	727.55	715.00	734.75	715.00	1.365 times
13 Mon May 2024	713.25	722.95	724.35	698.30	1.478 times
10 Fri May 2024	720.40	728.30	734.75	715.00	0.826 times
09 Thu May 2024	724.90	740.00	742.90	714.30	0.723 times
08 Wed May 2024	738.10	737.60	741.40	732.00	0.765 times
07 Tue May 2024	732.85	749.00	751.90	730.00	0.812 times

My analysis of stock is bearish for shortterm, and stock might move down till 725.6 or till 697. Use a stoploss of 749.49 and if the stock hits stoploss, then it can shoot up till 773.37

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	695.00
Downside Target	734.15
Upside Target	764.30
Upside Target	769.25
Upside Target	783.45
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	713.27
Downside Intraday Target	678.68
Upside Intraday Target	767.47
Upside Intraday Target	787.08
Downside Intraday Target	732.88

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	747.85	722.95	752.50	698.30	1.682 times
10 Fri May 2024	720.40	759.05	759.05	714.30	0.822 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Sat May 2024	747.85	764.00	769.25	698.30	0.191 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 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 short to mid 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 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 BUY signal for Nelco in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Nelco in short term and BUY 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

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 728.69 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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