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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 57270

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	106.40	109.64	109.64	103.21	1.694 times
30 Thu Jan 2025	111.65	114.93	115.00	110.00	0.571 times
29 Wed Jan 2025	112.25	108.20	114.39	106.26	1.894 times
28 Tue Jan 2025	111.89	100.87	114.50	96.77	2.59 times
27 Mon Jan 2025	100.87	106.80	106.80	98.50	1.725 times
24 Fri Jan 2025	107.60	109.99	110.56	106.00	0.456 times
23 Thu Jan 2025	109.25	109.60	114.89	108.01	0.693 times
22 Wed Jan 2025	108.89	112.00	112.00	106.74	0.712 times
21 Tue Jan 2025	110.86	113.40	114.46	110.20	0.559 times
20 Mon Jan 2025	112.40	112.60	113.99	110.70	0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 107.1, but if it comes above 107.1, then a intra day buy could be more profitable.
If you take a sell trade below 107.1, then use 107.1 as stoploss and 102.1 as target. However if you take a buy trade in stock , then use 107.1 as stoploss and 111.24 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	96.77
Downside Target	105.21
Upside Target	110.12
Upside Target	113.00
Upside Target	120.41
Upside Target	126.51
Upside Target	128.77
Upside Target	129.30
Upside Target	129.90
Upside Target	134.00
Upside Target	139.34
Upside Target	153.15

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	97.11
Downside Intraday Target	87.83
Upside Intraday Target	115.34
Upside Intraday Target	124.29
Downside Intraday Target	106.06

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	106.40	106.80	115.00	96.77	2.958 times
24 Fri Jan 2025	107.60	112.60	114.89	106.00	0.915 times
17 Fri Jan 2025	112.55	111.46	113.00	106.05	0.862 times
10 Fri Jan 2025	111.46	126.00	126.51	110.12	1.213 times
03 Fri Jan 2025	125.09	123.00	129.30	120.41	1.147 times

Price has moved down 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
31 Fri Jan 2025	106.40	124.00	129.30	96.77	0.962 times
31 Tue Dec 2024	123.67	117.22	134.00	115.72	0.79 times
29 Fri Nov 2024	117.22	119.74	128.77	105.21	0.904 times
31 Thu Oct 2024	118.62	137.30	139.34	106.22	0.355 times

Scroll below to view daily charts

Price has moved down 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 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nelcast ( (NELCAST) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nelcast ( (NELCAST) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a BUY signal for Nelcast in short term but the buy signal is initial and weak.

Nelcast 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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Nelcast in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Nelcast is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 108.89 and Nelcast (NELCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Nelcast (NELCAST) stock. Volume based technical analysis of Nelcast (NELCAST) stock is negative.

Nelcast 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.