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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 2024-06-10 View latest technical analysis

10 day averaged volume of Nelco is 134604

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	735.70	731.55	744.00	729.50	0.561 times
07 Fri Jun 2024	730.65	725.00	734.50	719.75	0.516 times
06 Thu Jun 2024	717.65	714.00	725.00	711.00	0.412 times
05 Wed Jun 2024	707.25	681.00	714.05	681.00	0.589 times
04 Tue Jun 2024	695.85	727.05	728.00	642.55	1.171 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.554 times
31 Fri May 2024	718.45	725.55	731.65	705.00	0.485 times
30 Thu May 2024	722.60	733.80	737.95	720.55	0.456 times
29 Wed May 2024	734.10	752.50	757.70	730.00	0.663 times
28 Tue May 2024	755.05	767.80	778.00	750.00	2.799 times

My analysis of stock is bullish for shortterm, and stock might move up till 746.8 or till 764.7. Use a stoploss of 731.93 and if this stock hits its stoploss, then it can fall down till 717.02

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	676.40
Downside Target	695.00
Downside Target	726.05
Upside Target	745.00
Upside Target	752.50
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	728.8
Downside Intraday Target	721.9
Upside Intraday Target	743.3
Upside Intraday Target	750.9
Upside Intraday Target	736.4

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Jun 2024	735.70	731.55	744.00	729.50	0.173 times
07 Fri Jun 2024	730.65	745.00	745.00	642.55	0.48 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

Price has moved up 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
10 Mon Jun 2024	735.70	745.00	745.00	642.55	0.269 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Nelco stock for short term is SELL. 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 in or above 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 SELL signal in short term and selling is picking up 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 730.97 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.