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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 2024-08-13 View latest technical analysis

10 day averaged volume of Nelco is 206736

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	895.65	903.20	934.70	889.35	2.001 times
12 Mon Aug 2024	900.90	848.05	910.10	843.00	1.573 times
09 Fri Aug 2024	857.95	840.65	883.20	840.65	1.045 times
08 Thu Aug 2024	836.85	854.90	861.00	833.00	0.359 times
07 Wed Aug 2024	852.65	814.40	859.45	808.05	0.945 times
06 Tue Aug 2024	804.75	823.60	840.45	801.15	0.554 times
05 Mon Aug 2024	814.45	858.00	864.65	799.25	0.854 times
02 Fri Aug 2024	872.70	881.00	899.90	869.10	0.878 times
01 Thu Aug 2024	888.95	882.95	902.95	876.90	0.911 times
31 Wed Jul 2024	879.25	882.40	893.45	873.00	0.613 times

Stock of Nelco (NELCO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 877, but if it comes below 877, then a intra day sell could be more profitable.
If you take a sell trade below 877, then use 877 as stoploss and 840.36 as target. However if you take a buy trade in stock , then use 877 as stoploss and 920.9 as target.

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
Downside Target	825.00
Downside Target	848.65
Downside Target	857.95
Downside Target	883.20
Upside Target	909.30
Upside Target	934.70
Upside Target	957.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	847.53
Downside Intraday Target	799.42
Upside Intraday Target	939.23
Upside Intraday Target	982.82
Downside Intraday Target	891.12

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	895.65	848.05	934.70	843.00	0.951 times
09 Fri Aug 2024	857.95	858.00	883.20	799.25	0.657 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

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
13 Tue Aug 2024	895.65	882.95	934.70	799.25	0.19 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 coming down

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

Although the stock is in the BUY zone, but buying 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 870.07 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.