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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 2024-08-06 View latest technical analysis

10 day averaged volume of Nelco is 187811

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	804.75	823.60	840.45	801.15	0.61 times
05 Mon Aug 2024	814.45	858.00	864.65	799.25	0.94 times
02 Fri Aug 2024	872.70	881.00	899.90	869.10	0.967 times
01 Thu Aug 2024	888.95	882.95	902.95	876.90	1.002 times
31 Wed Jul 2024	879.25	882.40	893.45	873.00	0.675 times
30 Tue Jul 2024	881.20	856.70	909.30	854.00	2.496 times
29 Mon Jul 2024	857.55	840.00	868.40	830.00	1.16 times
26 Fri Jul 2024	833.45	824.95	839.00	811.40	0.661 times
25 Thu Jul 2024	819.60	806.00	835.00	799.55	0.742 times
24 Wed Jul 2024	809.30	791.00	822.00	790.00	0.693 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 803.4 as stoploss in an intra day buy trade for a target of 841.7. However, stock will show a bearish move below 803.4.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	695.00
Downside Target	760.50
Downside Target	778.00
Downside Target	799.25
Upside Target	823.55
Upside Target	848.65
Upside Target	857.95
Upside Target	864.65
Upside Target	902.95
Upside Target	909.30
Upside Target	937.50
Upside Target	957.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	781.12
Downside Intraday Target	757.48
Upside Intraday Target	846.52
Upside Intraday Target	888.28
Upside Intraday Target	822.88

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	804.75	858.00	864.65	799.25	0.246 times
02 Fri Aug 2024	872.70	840.00	909.30	830.00	1.816 times
26 Fri Jul 2024	833.45	773.00	839.00	760.50	1.213 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

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
06 Tue Aug 2024	804.75	882.95	902.95	799.25	0.067 times
31 Wed Jul 2024	879.25	770.30	957.00	760.50	3.328 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

Scroll below to view daily charts

Price has moved down 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Nelco in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 854.49 and Nelco (NELCO) stock is trading below this level. This means that stock is falling with high volumes. 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.