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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 2024-10-09 View latest technical analysis

10 day averaged volume of Nelcast is 120964

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	125.72	126.62	128.00	125.10	0.691 times
08 Tue Oct 2024	125.72	126.00	127.87	121.76	0.935 times
07 Mon Oct 2024	125.79	130.42	131.36	124.35	0.997 times
04 Fri Oct 2024	130.41	133.50	134.19	129.31	1.122 times
03 Thu Oct 2024	132.60	133.10	137.50	132.00	0.988 times
01 Tue Oct 2024	136.21	137.30	139.34	135.00	0.483 times
30 Mon Sep 2024	136.98	141.80	141.80	136.50	0.563 times
27 Fri Sep 2024	140.12	138.30	143.04	138.26	1.107 times
26 Thu Sep 2024	137.91	138.30	144.50	137.15	1.778 times
25 Wed Sep 2024	138.43	139.76	140.45	136.50	0.847 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 129.6, but if it comes above 129.6, then a intra day buy could be more profitable.
If you take a sell trade below 129.6, then use 129.6 as stoploss and 123.4 as target. However if you take a buy trade in stock , then use 129.6 as stoploss and 134.8 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	121.76
Upside Target	129.31
Upside Target	135.30
Upside Target	141.80
Upside Target	145.00
Upside Target	148.48
Upside Target	148.80
Upside Target	153.15
Upside Target	154.00
Upside Target	158.00
Upside Target	163.70

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	121.2
Downside Intraday Target	116.68
Upside Intraday Target	130.8
Upside Intraday Target	135.88
Upside Intraday Target	126.28

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	125.72	130.42	131.36	121.76	0.831 times
04 Fri Oct 2024	130.41	141.80	141.80	129.31	0.33 times
27 Fri Sep 2024	140.12	145.40	148.80	136.50	0.517 times
20 Fri Sep 2024	144.17	136.20	145.00	129.90	2.615 times
13 Fri Sep 2024	134.39	140.20	148.48	131.80	2.64 times

Price has moved down 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
09 Wed Oct 2024	125.72	137.30	139.34	121.76	0.136 times
30 Mon Sep 2024	136.98	146.50	153.15	129.90	2.746 times
30 Fri Aug 2024	145.75	149.50	154.00	135.30	0.655 times
31 Wed Jul 2024	147.72	150.40	158.00	138.91	0.75 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Nelcast in short term and the sell signal is strong.

Nelcast Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 buy signal for Nelcast in short term but BUY signal is weak.

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 133.28 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.