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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 2024-10-23 View latest technical analysis

10 day averaged volume of Nelco is 112593

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	909.80	915.00	928.65	873.20	0.916 times
22 Tue Oct 2024	893.10	930.00	938.00	876.15	2.668 times
21 Mon Oct 2024	960.90	979.90	1018.80	950.00	1.501 times
18 Fri Oct 2024	969.65	970.00	977.70	939.10	0.449 times
17 Thu Oct 2024	965.20	994.70	1001.15	958.00	0.639 times
16 Wed Oct 2024	994.70	995.15	1013.60	985.00	0.514 times
15 Tue Oct 2024	995.15	1011.00	1017.95	990.00	0.457 times
14 Mon Oct 2024	1004.00	1010.25	1026.90	992.10	0.902 times
11 Fri Oct 2024	1002.25	1006.60	1022.40	990.00	0.562 times
10 Thu Oct 2024	1006.60	991.55	1042.00	991.50	1.161 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 946.5, but if it comes above 946.5, then a intra day buy could be more profitable.
If you take a sell trade below 946.5, then use 946.5 as stoploss and 886.7 as target. However if you take a buy trade in stock , then use 946.5 as stoploss and 996.26 as target.

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	873.20
Upside Target	925.05
Upside Target	1012.35
Upside Target	1042.00
Upside Target	1070.00
Upside Target	1141.80
Upside Target	1320.00
Upside Target	1335.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	849.07
Downside Intraday Target	788.33
Upside Intraday Target	994.67
Upside Intraday Target	1079.53
Upside Intraday Target	933.93

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	909.80	979.90	1018.80	873.20	1.718 times
18 Fri Oct 2024	969.65	1010.25	1026.90	939.10	0.56 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

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
23 Wed Oct 2024	909.80	1028.00	1070.00	873.20	0.571 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 moving up

CCI has generated a buy signal for Nelco in short term but BUY 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 953.44 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.