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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 2024-06-14 View latest technical analysis

10 day averaged volume of Nelco is 201886

Date	Daily Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	802.95	806.00	823.50	801.00	0.987 times
13 Thu Jun 2024	800.85	780.00	825.00	770.05	2.881 times
12 Wed Jun 2024	777.25	788.75	792.75	775.00	0.788 times
11 Tue Jun 2024	788.90	738.95	821.00	735.00	3.471 times
10 Mon Jun 2024	735.70	731.55	744.00	729.50	0.374 times
07 Fri Jun 2024	730.65	725.00	734.50	719.75	0.344 times
06 Thu Jun 2024	717.65	714.00	725.00	711.00	0.275 times
05 Wed Jun 2024	707.25	681.00	714.05	681.00	0.393 times
04 Tue Jun 2024	695.85	727.05	728.00	642.55	0.781 times
03 Mon Jun 2024	728.20	745.00	745.00	722.00	0.37 times

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 807.3, for a target of 772.8 or 744.03

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	825.00
Upside Target	833.00
Upside Target	848.65

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	746.63
Downside Intraday Target	690.32
Upside Intraday Target	842.13
Upside Intraday Target	881.32
Downside Intraday Target	785.82

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	802.95	731.55	825.00	729.50	3.933 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
14 Fri Jun 2024	802.95	745.00	825.00	642.55	1.13 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 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 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 and the buy signal is strong.

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 green color and prices are above the green 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 but buying is losing 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 775.06 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.