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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 2024-05-23 View latest technical analysis

10 day averaged volume of Nelco is 55802

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	732.10	737.20	740.00	729.00	0.958 times
22 Wed May 2024	736.60	746.55	749.95	733.00	0.993 times
21 Tue May 2024	748.55	752.15	755.10	739.75	1.154 times
18 Sat May 2024	747.85	750.05	752.50	740.60	0.273 times
17 Fri May 2024	739.55	730.90	750.20	730.90	1.322 times
16 Thu May 2024	730.90	725.50	737.85	720.00	1.013 times
15 Wed May 2024	729.90	738.45	738.45	725.00	0.929 times
14 Tue May 2024	727.55	715.00	734.75	715.00	1.341 times
13 Mon May 2024	713.25	722.95	724.35	698.30	1.452 times
10 Fri May 2024	720.40	728.30	734.75	715.00	0.811 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 726.7 as stoploss in an intra day buy trade for a target of 741.3. However, stock will show a bearish move below 726.7.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	676.40
Downside Target	695.00
Downside Target	714.30
Downside Target	729.00
Upside Target	759.05
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	722.37
Downside Intraday Target	712.63
Upside Intraday Target	748.47
Upside Intraday Target	764.83
Upside Intraday Target	738.73

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	732.10	752.15	755.10	729.00	0.491 times
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

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
23 Thu May 2024	732.10	764.00	769.25	698.30	0.24 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Nelco Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 731.26 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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