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(NELCAST) Nelcast complete technical analysis [charts+indicators] | Buy/Sell Nelcast | (NELCAST) share price targets

Complete technical analysis of Nelcast (NELCAST) by charts plus indicators, forecast predictions and share price targets for Nelcast (NELCAST)

Nelcast trades in NSE in Other Industrial Products sector.

10 day averaged volume of Nelcast is 105008

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	163.55	159.40	166.00	159.40	6.09 times
02 Thu May 2024	158.15	149.55	160.55	149.55	2.323 times
30 Tue Apr 2024	150.10	150.45	153.20	148.00	0.927 times
29 Mon Apr 2024	150.45	153.00	154.30	148.00	0.863 times
26 Fri Apr 2024	152.20	154.10	154.55	151.00	0.904 times
25 Thu Apr 2024	153.85	153.00	155.00	152.50	0.534 times
24 Wed Apr 2024	154.10	152.45	156.00	152.30	0.941 times
23 Tue Apr 2024	152.05	152.40	155.95	151.50	1.004 times
22 Mon Apr 2024	152.35	151.80	154.40	151.60	0.626 times
19 Fri Apr 2024	151.00	150.40	153.55	150.00	0.84 times

Stock of Nelcast (NELCAST) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 162.2, for a target of 156 or 150.9

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Downside Target	130.45
Downside Target	139.75
Downside Target	142.75
Downside Target	145.70
Downside Target	154.95
Downside Target	157.80
Downside Target	160.30
Upside Target	165.80
Upside Target	166.00
Upside Target	175.60

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	152.37
Downside Intraday Target	141.18
Upside Intraday Target	170.37
Upside Intraday Target	177.18
Downside Intraday Target	159.18

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	163.55	153.00	166.00	148.00	2.545 times
26 Fri Apr 2024	152.20	151.80	156.00	151.00	0.705 times
19 Fri Apr 2024	151.00	147.00	154.95	142.75	0.703 times
12 Fri Apr 2024	151.15	143.05	157.80	139.75	1.41 times
05 Fri Apr 2024	143.05	130.45	145.70	130.45	1.112 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 Nelcast (NELCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	163.55	149.55	166.00	149.55	0.332 times
30 Tue Apr 2024	150.10	130.45	157.80	130.45	0.867 times
28 Thu Mar 2024	128.50	152.35	160.30	121.65	1.117 times
29 Thu Feb 2024	151.60	163.90	165.80	148.00	0.579 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 Nelcast (NELCAST)

Price action analysis of Nelcast ( (NELCAST) ) 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 Nelcast ( (NELCAST) ) 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 Nelcast ( (NELCAST) ) based on a mid to longer 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.

ADX buy sell signal for Nelcast stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nelcast in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nelcast 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Nelcast 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 positive zone. This is a BUY zone

Stock of Nelcast is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 157.59 and Nelcast (NELCAST) 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 Nelcast (NELCAST) stock. Volume based technical analysis of Nelcast (NELCAST) stock is negative.

Nelcast Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.