Nelco Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Nelco Limited stock after losing 0.688%
(Updated on Jun 26, 2024)
The Nelco Limited stock price fell by -0.688% on the last day (Wednesday, 26th Jun 2024) from ₹784.80 to ₹779.40. During the last trading day the stock fluctuated 1.94% from a day low at ₹775.00 to a day high of ₹790.00. The price has fallen in 6 of the last 10 days and is down by -1.2% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 57 thousand shares were bought and sold for approximately ₹44.81 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.46% during the next 3 months and, with a 90% probability hold a price between ₹726.89 and ₹857.38 at the end of this 3-month period.
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NELCO.NS Signals & Forecast
The Nelco Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹792.09. On a fall, the stock will find some support from the long-term average at approximately ₹749.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -2.93%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Nelco Limited stock
Nelco Limited finds support from accumulated volume at ₹778.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹15.00 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: ₹757.16 (-2.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (NELCO.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nelco Limited to open at ₹781.47, and during the day (based on 14 day Average True Range), to move between ₹752.35 and ₹806.45, which gives a possible trading interval of +/-₹27.05 (+/-3.47%) up or down from last closing price. If Nelco Limited takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹778.80 (0.08%) than the resistance at ₹788.90 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nelco Limited stock A Buy?
Nelco Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.876 Hold/Accumulate Unchanged
Predicted Opening Price for Nelco Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹781.47 ( 0.265%) | ₹779.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NELCO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 796.47 | 2.19% |
| R2 | 790.74 | 1.45% |
| R1 | 787.20 | 1.00% |
| Price | 779.40 | |
| S1 | 775.74 | -0.470% |
| S2 | 772.20 | -0.92% |
| S3 | 766.47 | -1.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 808.55 | 3.74% |
| R2 | 800.85 | 2.75% |
| R1 | 788.90 | 1.22% |
| Price | 779.40 | |
| S1 | 778.80 | -0.0770% |
| S2 | 760.10 | -2.48% |
| S3 | 755.05 | -3.12% |
NELCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jul 01, 2024 | ₹2.20 | 0.282% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | ₹2.00 | 0.278% |
| 3 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ₹1.80 | 0.311% |
| 4 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | ₹1.20 | 0.484% |
| 5 | May 16, 2020 | Aug 04, 2020 | Sep 12, 2020 | ₹1.20 | 0.627% |
FAQ
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