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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 2024-10-07 View latest technical analysis

10 day averaged volume of Nelco is 163169

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	945.00	989.25	989.25	925.05	0.795 times
04 Fri Oct 2024	973.35	1004.95	1015.95	970.00	0.797 times
03 Thu Oct 2024	1001.20	1022.00	1042.10	996.50	0.606 times
01 Tue Oct 2024	1044.80	1028.00	1070.00	1017.95	0.745 times
30 Mon Sep 2024	1027.95	1046.00	1058.95	1012.35	0.948 times
27 Fri Sep 2024	1044.60	1101.00	1111.85	1038.45	1.32 times
26 Thu Sep 2024	1101.05	1100.00	1124.40	1087.95	1.153 times
25 Wed Sep 2024	1088.05	1081.90	1141.80	1068.00	1.884 times
24 Tue Sep 2024	1071.60	1092.05	1108.00	1059.90	0.819 times
23 Mon Sep 2024	1079.15	1061.00	1090.00	1041.05	0.849 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 920.8, for a target of 1018.7 or 1100.25

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	642.55
Downside Target	760.50
Downside Target	799.25
Downside Target	825.00
Downside Target	925.05
Upside Target	957.00
Upside Target	1012.35
Upside Target	1038.45
Upside Target	1070.00
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	916.95
Downside Intraday Target	888.9
Upside Intraday Target	981.15
Upside Intraday Target	1017.3
Upside Intraday Target	953.1

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	945.00	989.25	989.25	925.05	0.257 times
04 Fri Oct 2024	973.35	1046.00	1070.00	970.00	0.514 times
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

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
07 Mon Oct 2024	945.00	1028.00	1070.00	925.05	0.148 times
30 Mon Sep 2024	1027.95	1232.45	1335.00	1012.35	0.283 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

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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Nelco in short term and the sell signal is strong.

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 red color and prices are below the red 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 1046.67 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.