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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 2024-06-04 View latest technical analysis

10 day averaged volume of Nelco is 130721

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	695.85	727.05	728.00	642.55	1.206 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.571 times
31 Fri May 2024	718.45	725.55	731.65	705.00	0.5 times
30 Thu May 2024	722.60	733.80	737.95	720.55	0.47 times
29 Wed May 2024	734.10	752.50	757.70	730.00	0.682 times
28 Tue May 2024	755.05	767.80	778.00	750.00	2.883 times
27 Mon May 2024	760.10	744.85	774.00	739.95	2.424 times
24 Fri May 2024	739.95	733.95	763.00	726.05	1.145 times
23 Thu May 2024	732.10	737.20	740.00	729.00	0.409 times
22 Wed May 2024	736.60	746.55	749.95	733.00	0.424 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 700.4, for a target of 717.7 or 732.2

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	676.40
Downside Target	695.00
Upside Target	752.50
Upside Target	759.05
Upside Target	763.00
Upside Target	778.00
Upside Target	814.00
Upside Target	833.00
Upside Target	848.65

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	643.93
Downside Intraday Target	592.02
Upside Intraday Target	746.38
Upside Intraday Target	796.92
Downside Intraday Target	694.47

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	695.85	745.00	745.00	642.55	0.255 times
31 Fri May 2024	718.45	744.85	778.00	705.00	2.817 times
24 Fri May 2024	739.95	752.15	763.00	726.05	0.914 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

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
04 Tue Jun 2024	695.85	745.00	745.00	642.55	0.122 times
31 Fri May 2024	718.45	764.00	778.00	698.30	0.542 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Nelco stock for short term is SELL. Signal strength is Strong and stock is gaining 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 weakening, and bulls 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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 740.41 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 negative.

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