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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 2024-06-06 View latest technical analysis

10 day averaged volume of Nelco is 142424

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	717.65	714.00	725.00	711.00	0.389 times
05 Wed Jun 2024	707.25	681.00	714.05	681.00	0.557 times
04 Tue Jun 2024	695.85	727.05	728.00	642.55	1.107 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.524 times
31 Fri May 2024	718.45	725.55	731.65	705.00	0.459 times
30 Thu May 2024	722.60	733.80	737.95	720.55	0.431 times
29 Wed May 2024	734.10	752.50	757.70	730.00	0.626 times
28 Tue May 2024	755.05	767.80	778.00	750.00	2.646 times
27 Mon May 2024	760.10	744.85	774.00	739.95	2.225 times
24 Fri May 2024	739.95	733.95	763.00	726.05	1.051 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 714.7 as stoploss in an intra day buy trade for a target of 730.29. However, stock will show a bearish move below 714.7.

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	658.47
Downside Intraday Target	599.28
Upside Intraday Target	760.92
Upside Intraday Target	804.18
Downside Intraday Target	701.73

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	717.65	745.00	745.00	642.55	0.403 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
06 Thu Jun 2024	717.65	745.00	745.00	642.55	0.193 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 and selling is picking up 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 738.15 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.