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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 2024-09-02 View latest technical analysis

10 day averaged volume of Nelco is 929352

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1198.20	1232.45	1234.65	1186.80	0.166 times
30 Fri Aug 2024	1222.45	1228.90	1284.90	1192.10	0.261 times
29 Thu Aug 2024	1228.90	1268.00	1290.85	1212.80	0.241 times
28 Wed Aug 2024	1268.00	1270.00	1320.00	1250.00	0.556 times
27 Tue Aug 2024	1279.30	1130.70	1320.00	1130.00	1.466 times
26 Mon Aug 2024	1125.10	1138.00	1168.00	1116.00	0.236 times
23 Fri Aug 2024	1138.00	1167.95	1184.00	1128.00	0.483 times
22 Thu Aug 2024	1171.20	1175.00	1219.00	1087.35	3.086 times
21 Wed Aug 2024	1140.65	950.45	1140.65	945.00	2.739 times
20 Tue Aug 2024	950.55	940.00	961.05	937.55	0.315 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1187.4, but if it comes below 1187.4, then a intra day sell could be more profitable.
If you take a sell trade below 1187.4, then use 1187.4 as stoploss and 1020.14 as target. However if you take a buy trade in stock , then use 1187.4 as stoploss and 1388.1 as target.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	698.30
Downside Target	760.50
Downside Target	778.00
Downside Target	799.25
Downside Target	825.00
Downside Target	843.00
Downside Target	883.20
Downside Target	906.00
Downside Target	934.70
Downside Target	957.00
Downside Target	1116.00
Downside Target	1186.80
Upside Target	1219.00
Upside Target	1234.65
Upside Target	1320.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	1178.45
Downside Intraday Target	1158.7
Upside Intraday Target	1226.3
Upside Intraday Target	1254.4
Upside Intraday Target	1206.55

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	1198.20	1232.45	1234.65	1186.80	0.06 times
30 Fri Aug 2024	1222.45	1138.00	1320.00	1116.00	0.381 times
23 Fri Aug 2024	1138.00	913.65	1219.00	906.00	6.725 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

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
02 Mon Sep 2024	1198.20	1232.45	1234.65	1186.80	0.013 times
30 Fri Aug 2024	1222.45	882.95	1320.00	799.25	1.152 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

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 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Nelco in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Nelco in short term but SELL signal is weak.

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 1177.9 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.