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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 2024-10-16 View latest technical analysis

10 day averaged volume of Nelco is 109880

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	994.70	995.15	1013.60	985.00	0.526 times
15 Tue Oct 2024	995.15	1011.00	1017.95	990.00	0.468 times
14 Mon Oct 2024	1004.00	1010.25	1026.90	992.10	0.924 times
11 Fri Oct 2024	1002.25	1006.60	1022.40	990.00	0.575 times
10 Thu Oct 2024	1006.60	991.55	1042.00	991.50	1.19 times
09 Wed Oct 2024	996.15	1011.65	1031.65	981.80	1.176 times
08 Tue Oct 2024	1001.65	930.85	1020.05	930.85	1.297 times
07 Mon Oct 2024	945.00	989.25	989.25	925.05	1.18 times
04 Fri Oct 2024	973.35	1004.95	1015.95	970.00	1.183 times
03 Thu Oct 2024	1001.20	1022.00	1042.10	996.50	0.899 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 986.6 as stoploss in an intra day buy trade for a target of 1031.56. However, stock will show a bearish move below 986.6.

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
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	977.5
Downside Intraday Target	960.3
Upside Intraday Target	1019.4
Upside Intraday Target	1044.1
Upside Intraday Target	1002.2

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	994.70	1010.25	1026.90	985.00	0.354 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 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
16 Wed Oct 2024	994.70	1028.00	1070.00	925.05	0.357 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

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. Bulls 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 but SELL signal is weak.

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 990.45 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.