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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 2024-06-20 View latest technical analysis

10 day averaged volume of Nelco is 226140

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	800.50	795.75	807.95	792.95	0.385 times
19 Wed Jun 2024	795.50	799.50	819.00	778.10	1.002 times
18 Tue Jun 2024	795.90	805.00	810.20	789.00	0.504 times
14 Fri Jun 2024	802.95	806.00	823.50	801.00	0.881 times
13 Thu Jun 2024	800.85	780.00	825.00	770.05	2.572 times
12 Wed Jun 2024	777.25	788.75	792.75	775.00	0.704 times
11 Tue Jun 2024	788.90	738.95	821.00	735.00	3.099 times
10 Mon Jun 2024	735.70	731.55	744.00	729.50	0.334 times
07 Fri Jun 2024	730.65	725.00	734.50	719.75	0.307 times
06 Thu Jun 2024	717.65	714.00	725.00	711.00	0.245 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 786.4, but if it comes below 786.4, then a intra day sell could be more profitable.
If you take a sell trade below 786.4, then use 786.4 as stoploss and 751.98 as target. However if you take a buy trade in stock , then use 786.4 as stoploss and 827.7 as target.

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	778.10
Upside Target	814.00
Upside Target	819.00
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	779.4
Downside Intraday Target	758.3
Upside Intraday Target	820.3
Upside Intraday Target	840.1
Downside Intraday Target	799.2

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	800.50	805.00	819.00	778.10	0.249 times
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

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
20 Thu Jun 2024	800.50	745.00	825.00	642.55	1.355 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak and stock is losing 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 tired and bears are picking up momentum.

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 788.54 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.