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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.

Showing technical analysis as on 2024-04-22 View latest technical analysis

10 day averaged volume of Nelcast is 158842

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	152.35	151.80	154.40	151.60	0.414 times
19 Fri Apr 2024	151.00	150.40	153.55	150.00	0.555 times
18 Thu Apr 2024	151.65	152.95	154.40	150.00	0.686 times
16 Tue Apr 2024	152.35	149.00	154.00	149.00	0.763 times
15 Mon Apr 2024	150.15	147.00	154.95	142.75	1.756 times
12 Fri Apr 2024	151.15	154.10	154.35	150.00	0.747 times
10 Wed Apr 2024	154.80	150.10	157.80	147.55	2.411 times
09 Tue Apr 2024	149.00	142.40	151.30	141.55	1.6 times
08 Mon Apr 2024	141.70	143.05	144.75	139.75	0.588 times
05 Fri Apr 2024	143.05	142.00	144.50	142.00	0.416 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 151.3, but if it comes below 151.3, then a intra day sell could be more profitable.
If you take a sell trade below 151.3, then use 151.3 as stoploss and 142.19 as target. However if you take a buy trade in stock , then use 151.3 as stoploss and 162.2 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Downside Target	127.00
Downside Target	130.45
Downside Target	135.20
Downside Target	139.75
Downside Target	142.75
Downside Target	145.70
Downside Target	151.10
Upside Target	157.80
Upside Target	160.30
Upside Target	165.80
Upside Target	175.60
Upside Target	179.30

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	151.17
Downside Intraday Target	149.98
Upside Intraday Target	153.97
Upside Intraday Target	155.58
Upside Intraday Target	152.78

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	152.35	151.80	154.40	151.60	0.11 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
28 Thu Mar 2024	128.50	130.60	135.20	127.00	0.982 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 Nelcast (NELCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	152.35	130.45	157.80	130.45	0.689 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
31 Wed Jan 2024	161.40	157.50	175.60	156.00	1.356 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Nelcast ( (NELCAST) ) 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 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 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 Nelcast stock for short term is BUY. Signal strength is Weak 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 tired and bears are picking up momentum.

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 but buying is losing 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 150.78 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 negative.

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