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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 2024-06-11 View latest technical analysis

10 day averaged volume of Nelco is 110471

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	788.90	738.95	821.00	735.00	6.343 times
10 Mon Jun 2024	735.70	731.55	744.00	729.50	0.684 times
07 Fri Jun 2024	730.65	725.00	734.50	719.75	0.629 times
06 Thu Jun 2024	717.65	714.00	725.00	711.00	0.502 times
05 Wed Jun 2024	707.25	681.00	714.05	681.00	0.718 times
04 Tue Jun 2024	695.85	727.05	728.00	642.55	1.427 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.675 times
31 Fri May 2024	718.45	725.55	731.65	705.00	0.591 times
30 Thu May 2024	722.60	733.80	737.95	720.55	0.556 times
29 Wed May 2024	734.10	752.50	757.70	730.00	0.808 times

Stock of Nelco (NELCO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 777.6, for a target of 754.3 or 735

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
Downside Target	763.00
Downside Target	778.00
Upside Target	814.00
Upside Target	821.00
Upside Target	833.00
Upside Target	848.65

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	738.6
Downside Intraday Target	688.3
Upside Intraday Target	830.1
Upside Intraday Target	871.3
Downside Intraday Target	779.8

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	788.90	731.55	821.00	729.50	1.779 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	788.90	745.00	821.00	642.55	0.637 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 BUY signal in short term and the buying is gaining 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 753.03 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 positive

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