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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 2024-10-14 View latest technical analysis

10 day averaged volume of Nelco is 131581

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	1004.00	1010.25	1026.90	992.10	0.772 times
11 Fri Oct 2024	1002.25	1006.60	1022.40	990.00	0.481 times
10 Thu Oct 2024	1006.60	991.55	1042.00	991.50	0.994 times
09 Wed Oct 2024	996.15	1011.65	1031.65	981.80	0.982 times
08 Tue Oct 2024	1001.65	930.85	1020.05	930.85	1.083 times
07 Mon Oct 2024	945.00	989.25	989.25	925.05	0.985 times
04 Fri Oct 2024	973.35	1004.95	1015.95	970.00	0.988 times
03 Thu Oct 2024	1001.20	1022.00	1042.10	996.50	0.751 times
01 Tue Oct 2024	1044.80	1028.00	1070.00	1017.95	0.924 times
30 Mon Sep 2024	1027.95	1046.00	1058.95	1012.35	1.176 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 989.7 as stoploss in an intra day buy trade for a target of 1049.01. However, stock will show a bearish move below 989.7.

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
Downside Target	957.00
Downside Target	992.10
Upside Target	1012.35
Upside Target	1070.00
Upside Target	1141.80
Upside Target	1243.90
Upside Target	1320.00
Upside Target	1335.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	988.43
Downside Intraday Target	972.87
Upside Intraday Target	1023.23
Upside Intraday Target	1042.47
Upside Intraday Target	1007.67

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	1004.00	1010.25	1026.90	992.10	0.171 times
11 Fri Oct 2024	1002.25	989.25	1042.00	925.05	1.178 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

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
14 Mon Oct 2024	1004.00	1028.00	1070.00	925.05	0.323 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nelco Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 1000.37 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is 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.