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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 2024-08-20 View latest technical analysis

10 day averaged volume of Nelco is 235046

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	950.55	940.00	961.05	937.55	1.244 times
19 Mon Aug 2024	936.05	913.65	963.95	906.00	2.438 times
16 Fri Aug 2024	907.80	890.00	914.00	872.30	0.667 times
14 Wed Aug 2024	873.45	903.00	903.10	870.25	0.446 times
13 Tue Aug 2024	895.65	903.20	934.70	889.35	1.76 times
12 Mon Aug 2024	900.90	848.05	910.10	843.00	1.383 times
09 Fri Aug 2024	857.95	840.65	883.20	840.65	0.919 times
08 Thu Aug 2024	836.85	854.90	861.00	833.00	0.316 times
07 Wed Aug 2024	852.65	814.40	859.45	808.05	0.832 times
06 Tue Aug 2024	804.75	823.60	840.45	801.15	0.487 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 957.7, for a target of 906 or 862.99

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	883.20
Downside Target	906.00
Downside Target	909.30
Downside Target	934.70
Upside Target	957.00
Upside Target	963.95

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	916.38
Downside Intraday Target	882.22
Upside Intraday Target	974.33
Upside Intraday Target	998.12
Downside Intraday Target	940.17

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	950.55	913.65	963.95	906.00	0.865 times
16 Fri Aug 2024	907.80	848.05	934.70	843.00	1.288 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

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
20 Tue Aug 2024	950.55	882.95	963.95	799.25	0.303 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 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 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 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

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 899.37 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.