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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 2024-11-08 View latest technical analysis

10 day averaged volume of Nelco is 77193

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	961.10	988.20	1020.00	956.00	2.348 times
07 Thu Nov 2024	988.20	1009.80	1045.00	984.00	1.769 times
06 Wed Nov 2024	1005.75	934.00	1024.00	922.00	2.477 times
05 Tue Nov 2024	920.20	892.05	930.60	892.05	0.714 times
04 Mon Nov 2024	897.60	927.25	927.25	881.00	0.77 times
01 Fri Nov 2024	927.25	926.25	945.75	922.00	0.271 times
31 Thu Oct 2024	917.65	905.00	925.00	902.65	0.476 times
30 Wed Oct 2024	909.65	883.40	923.00	875.05	0.928 times
29 Tue Oct 2024	874.65	883.40	883.40	858.75	0.481 times
28 Mon Oct 2024	878.40	866.80	884.00	840.00	0.829 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 982.3 as stoploss in an intra day sell trade for a target of 935.9. However, stock will show a bullish move above 982.3.

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	879.73
Downside Intraday Target	798.37
Upside Intraday Target	1043.73
Upside Intraday Target	1126.37
Upside Intraday Target	962.37

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	961.10	927.25	1045.00	881.00	2.706 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
08 Fri Nov 2024	961.10	926.25	1045.00	881.00	0.293 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 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 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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

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 SELL signal for Nelco in short term but SELL 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

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 951.4 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.