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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 2024-09-27 View latest technical analysis

10 day averaged volume of Nelco is 150148

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	1044.60	1101.00	1111.85	1038.45	1.434 times
26 Thu Sep 2024	1101.05	1100.00	1124.40	1087.95	1.253 times
25 Wed Sep 2024	1088.05	1081.90	1141.80	1068.00	2.047 times
24 Tue Sep 2024	1071.60	1092.05	1108.00	1059.90	0.89 times
23 Mon Sep 2024	1079.15	1061.00	1090.00	1041.05	0.923 times
20 Fri Sep 2024	1062.05	1090.00	1115.10	1048.75	0.955 times
19 Thu Sep 2024	1089.75	1108.00	1136.00	1071.20	0.803 times
18 Wed Sep 2024	1102.10	1147.95	1160.90	1091.15	0.855 times
17 Tue Sep 2024	1149.45	1196.90	1197.00	1141.00	0.568 times
16 Mon Sep 2024	1189.40	1238.65	1243.90	1181.00	0.576 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1088.6, but if it comes above 1088.6, then a intra day buy could be more profitable.
If you take a sell trade below 1088.6, then use 1088.6 as stoploss and 1002.2 as target. However if you take a buy trade in stock , then use 1088.6 as stoploss and 1160.51 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	957.00
Downside Target	1038.45
Upside Target	1116.00
Upside Target	1141.80
Upside Target	1170.00
Upside Target	1243.90
Upside Target	1278.40
Upside Target	1320.00
Upside Target	1335.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	1008.1
Downside Intraday Target	971.6
Upside Intraday Target	1111.45
Upside Intraday Target	1178.3
Upside Intraday Target	1074.95

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	1044.60	1061.00	1141.80	1038.45	1.743 times
20 Fri Sep 2024	1062.05	1238.65	1243.90	1048.75	1.145 times
13 Fri Sep 2024	1231.90	1232.95	1278.40	1170.00	0.47 times
06 Fri Sep 2024	1234.85	1232.45	1335.00	1186.80	0.408 times
30 Fri Aug 2024	1222.45	1138.00	1320.00	1116.00	0.381 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelco (NELCO)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	1044.60	1232.45	1335.00	1038.45	0.27 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 to mid 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 1089.3 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.