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
Nelco Limited stock price ended at ₹802.95 on Friday, after gaining 0.262%.
(Updated on Jun 14, 2024)
The Nelco Limited stock price gained 0.262% on the last trading day (Friday, 14th Jun 2024), rising from ₹800.85 to ₹802.95. During the last trading day the stock fluctuated 2.81% from a day low at ₹801.00 to a day high of ₹823.50. The price has risen in 8 of the last 10 days and is up by 11.76% over the past 2 weeks. Volume fell on the last day by -381 thousand shares and in total, 199 thousand shares were bought and sold for approximately ₹159.99 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹824.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.22% during the next 3 months and, with a 90% probability hold a price between ₹721.69 and ₹850.86 at the end of this 3-month period.
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NELCO.NS Signals & Forecast
Mostly positive signals in the chart today. The Nelco Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹764.85 and ₹741.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 15.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched 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 ₹800.85 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 ₹22.50 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 5.18%.
Our recommended stop-loss: ₹776.45 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (NELCO.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Nelco Limited to open at ₹809.15, and during the day (based on 14 day Average True Range), to move between ₹772.96 and ₹832.94, which gives a possible trading interval of +/-₹29.99 (+/-3.73%) up or down from last closing price. If Nelco Limited takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹800.85 (0.26%) than the resistance at ₹808.55 (0.70%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nelco Limited stock to perform well in the short-term.
Current score: 2.854 Buy Candidate Unchanged
Predicted Opening Price for Nelco Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹809.15 ( 0.772%) | ₹802.95 |
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 | 831.65 | 3.57% |
| R2 | 823.06 | 2.50% |
| R1 | 817.75 | 1.84% |
| Price | 802.95 | |
| S1 | 800.56 | -0.298% |
| S2 | 795.25 | -0.96% |
| S3 | 786.65 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 808.55 | 0.697% |
| Price | 802.95 | |
| S1 | 800.85 | -0.262% |
| S2 | 788.90 | -1.75% |
| S3 | 778.80 | -3.01% |
NELCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jul 01, 2024 | ₹2.20 | 0.274% |
| 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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