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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 2024-07-24 View latest technical analysis

10 day averaged volume of Nelco is 232778

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	809.30	791.00	822.00	790.00	0.559 times
23 Tue Jul 2024	786.75	800.00	804.20	760.50	0.535 times
22 Mon Jul 2024	792.90	773.00	813.20	764.55	0.572 times
19 Fri Jul 2024	785.15	805.00	811.70	780.20	0.503 times
18 Thu Jul 2024	807.40	831.00	831.70	800.80	0.691 times
16 Tue Jul 2024	829.75	845.75	849.75	826.60	0.397 times
15 Mon Jul 2024	838.60	845.05	857.95	826.55	0.716 times
12 Fri Jul 2024	844.25	872.00	877.35	823.55	1.095 times
11 Thu Jul 2024	879.65	904.80	914.80	865.00	2.386 times
10 Wed Jul 2024	901.20	908.35	913.60	865.05	1.437 times

My analysis of stock is bearish for shortterm, and stock might move down till 774.5 or till 711.8. Use a stoploss of 826.85 and if the stock hits stoploss, then it can shoot up till 879.16

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	676.40
Downside Target	695.00
Downside Target	760.50
Downside Target	804.00
Upside Target	822.00
Upside Target	825.00
Upside Target	833.00
Upside Target	848.65
Upside Target	857.95
Upside Target	937.50
Upside Target	957.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	772.53
Downside Intraday Target	735.77
Upside Intraday Target	834.03
Upside Intraday Target	858.77
Downside Intraday Target	797.27

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	809.30	773.00	822.00	760.50	0.722 times
19 Fri Jul 2024	785.15	845.05	857.95	780.20	0.239 times
12 Fri Jul 2024	844.25	913.50	937.50	823.55	0.394 times
05 Fri Jul 2024	905.30	770.30	957.00	763.00	17.443 times
28 Fri Jun 2024	770.30	785.15	804.00	763.05	0.644 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
24 Wed Jul 2024	809.30	770.30	957.00	760.50	2.967 times
28 Fri Jun 2024	770.30	745.00	825.00	642.55	1.568 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 neutral. A longer time frame might give a better analysis.

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 SELL signal for Nelco in short term but the sell signal is initial and weak.

Nelco Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 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 846.67 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 positive

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