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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 2024-11-04 View latest technical analysis

10 day averaged volume of Nelco is 94265

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	897.60	927.25	927.25	881.00	0.631 times
01 Fri Nov 2024	927.25	926.25	945.75	922.00	0.222 times
31 Thu Oct 2024	917.65	905.00	925.00	902.65	0.39 times
30 Wed Oct 2024	909.65	883.40	923.00	875.05	0.76 times
29 Tue Oct 2024	874.65	883.40	883.40	858.75	0.394 times
28 Mon Oct 2024	878.40	866.80	884.00	840.00	0.679 times
25 Fri Oct 2024	861.20	885.05	891.80	841.50	1.052 times
24 Thu Oct 2024	883.90	914.15	915.15	882.00	0.429 times
23 Wed Oct 2024	909.80	915.00	928.65	873.20	1.094 times
22 Tue Oct 2024	893.10	930.00	938.00	876.15	3.187 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 891.9 as stoploss in an intra day buy trade for a target of 942.47. However, stock will show a bearish move below 891.9.

Share price targets for Nelco (NELCO)

Target Type	Value
Downside Target	760.50
Downside Target	799.25
Downside Target	840.00
Downside Target	881.00
Upside Target	925.05
Upside Target	1012.35
Upside Target	1018.80
Upside Target	1026.90
Upside Target	1042.00
Upside Target	1070.00
Upside Target	1320.00
Upside Target	1335.00

Intraday share price targets for Nelco (NELCO)

Target Type	Value
Downside Intraday Target	876.65
Downside Intraday Target	855.7
Upside Intraday Target	922.9
Upside Intraday Target	948.2
Upside Intraday Target	901.95

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	897.60	927.25	927.25	881.00	0.258 times
01 Fri Nov 2024	927.25	866.80	945.75	840.00	0.324 times
25 Fri Oct 2024	861.20	979.90	1018.80	841.50	2.136 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

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
04 Mon Nov 2024	897.60	926.25	945.75	881.00	0.037 times
31 Thu Oct 2024	917.65	1028.00	1070.00	840.00	0.679 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

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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Nelco in short term but the buy signal is initial and weak.

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 coming down

CCI has generated a SELL signal for Nelco in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 892.66 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.