Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-07 View latest technical analysis

10 day averaged volume of Nelco is 67580

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	988.20	1009.80	1045.00	984.00	2.021 times
06 Wed Nov 2024	1005.75	934.00	1024.00	922.00	2.829 times
05 Tue Nov 2024	920.20	892.05	930.60	892.05	0.816 times
04 Mon Nov 2024	897.60	927.25	927.25	881.00	0.88 times
01 Fri Nov 2024	927.25	926.25	945.75	922.00	0.31 times
31 Thu Oct 2024	917.65	905.00	925.00	902.65	0.544 times
30 Wed Oct 2024	909.65	883.40	923.00	875.05	1.06 times
29 Tue Oct 2024	874.65	883.40	883.40	858.75	0.549 times
28 Mon Oct 2024	878.40	866.80	884.00	840.00	0.947 times
25 Fri Oct 2024	861.20	885.05	891.80	841.50	1.467 times

Stock of Nelco (NELCO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 986.3, but if it comes below 986.3, then a intra day sell could be more profitable.
If you take a sell trade below 986.3, then use 986.3 as stoploss and 937.96 as target. However if you take a buy trade in stock , then use 986.3 as stoploss and 1044.4 as target.

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
Downside Target	925.05
Upside Target	1012.35
Upside Target	1026.90
Upside Target	1042.00
Upside Target	1045.00
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	897.8
Downside Intraday Target	807.4
Upside Intraday Target	1061.8
Upside Intraday Target	1135.4
Downside Intraday Target	971.4

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	988.20	927.25	1045.00	881.00	1.919 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 up 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
07 Thu Nov 2024	988.20	926.25	1045.00	881.00	0.21 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 up 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 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 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 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 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 BUY. 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 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 937.53 and Nelco (NELCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Nelco (NELCO) stock. Volume based technical analysis of Nelco (NELCO) stock is negative.

Nelco Stock is giving positive 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.