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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 2024-06-05 View latest technical analysis

10 day averaged volume of Nelco is 140039

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	707.25	681.00	714.05	681.00	0.566 times
04 Tue Jun 2024	695.85	727.05	728.00	642.55	1.125 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.533 times
31 Fri May 2024	718.45	725.55	731.65	705.00	0.466 times
30 Thu May 2024	722.60	733.80	737.95	720.55	0.439 times
29 Wed May 2024	734.10	752.50	757.70	730.00	0.637 times
28 Tue May 2024	755.05	767.80	778.00	750.00	2.691 times
27 Mon May 2024	760.10	744.85	774.00	739.95	2.263 times
24 Fri May 2024	739.95	733.95	763.00	726.05	1.069 times
23 Thu May 2024	732.10	737.20	740.00	729.00	0.382 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 715.3, but if it comes above 715.3, then a intra day buy could be more profitable.
If you take a sell trade below 715.3, then use 715.3 as stoploss and 696.9 as target. However if you take a buy trade in stock , then use 715.3 as stoploss and 730.66 as target.

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	651.53
Downside Intraday Target	595.82
Upside Intraday Target	753.98
Upside Intraday Target	800.72
Downside Intraday Target	698.27

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	707.25	745.00	745.00	642.55	0.342 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
05 Wed Jun 2024	707.25	745.00	745.00	642.55	0.164 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nelco ( (NELCO) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Nelco stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Nelco in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term but selling 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 738.72 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.