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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 2024-11-22 View latest technical analysis

10 day averaged volume of Nelco is 129812

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	960.55	937.05	965.00	922.55	0.993 times
21 Thu Nov 2024	937.75	899.90	948.65	888.85	1.989 times
19 Tue Nov 2024	898.65	887.30	919.00	887.30	0.429 times
18 Mon Nov 2024	884.80	890.10	900.95	864.80	0.542 times
14 Thu Nov 2024	886.35	891.95	919.85	871.60	1.302 times
13 Wed Nov 2024	875.45	914.00	919.00	870.55	0.627 times
12 Tue Nov 2024	914.70	950.00	964.30	910.00	0.556 times
11 Mon Nov 2024	943.45	955.00	972.90	936.05	0.633 times
08 Fri Nov 2024	961.10	988.20	1020.00	956.00	1.396 times
07 Thu Nov 2024	988.20	1009.80	1045.00	984.00	1.052 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 955.1, but if it comes below 955.1, then a intra day sell could be more profitable.
If you take a sell trade below 955.1, then use 955.1 as stoploss and 916.36 as target. However if you take a buy trade in stock , then use 955.1 as stoploss and 1001.6 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	864.80
Downside Target	945.75
Upside Target	1012.35
Upside Target	1018.80
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	895.23
Downside Intraday Target	829.92
Upside Intraday Target	995.43
Upside Intraday Target	1030.32
Downside Intraday Target	930.12

Weekly technical analysis of Nelco (NELCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	960.55	890.10	965.00	864.80	1.267 times
14 Thu Nov 2024	886.35	955.00	972.90	870.55	0.649 times
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

Price has moved up 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
22 Fri Nov 2024	960.55	926.25	1045.00	864.80	0.71 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 in or above the red cloud Prices appear to be moving up

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 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 932.25 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.