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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 2024-10-18 View latest technical analysis

10 day averaged volume of Nelcast is 83381

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	124.90	123.80	128.41	121.68	1.631 times
17 Thu Oct 2024	123.59	126.50	126.50	123.00	0.687 times
16 Wed Oct 2024	124.73	124.45	127.50	121.68	1.055 times
15 Tue Oct 2024	123.94	124.85	125.89	123.01	0.519 times
14 Mon Oct 2024	124.30	126.60	128.00	123.42	0.673 times
11 Fri Oct 2024	125.43	128.00	128.00	125.00	0.883 times
10 Thu Oct 2024	127.69	127.50	129.57	126.05	0.748 times
09 Wed Oct 2024	125.72	126.62	128.00	125.10	1.003 times
08 Tue Oct 2024	125.72	126.00	127.87	121.76	1.357 times
07 Mon Oct 2024	125.79	130.42	131.36	124.35	1.446 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 124.6 as stoploss in an intra day buy trade for a target of 131.5. However, stock will show a bearish move below 124.6.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	121.68
Upside Target	128.41
Upside Target	135.30
Upside Target	139.34
Upside Target	141.80
Upside Target	145.00
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	121.58
Downside Intraday Target	118.27
Upside Intraday Target	128.31
Upside Intraday Target	131.73
Upside Intraday Target	125

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	124.90	126.60	128.41	121.68	0.84 times
11 Fri Oct 2024	125.43	130.42	131.36	121.76	1.187 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

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
18 Fri Oct 2024	124.90	137.30	139.34	121.68	0.247 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 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 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 Weak and stock is losing momentum.

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

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

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 moving up

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 negative zone. This is the SELL 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 125.28 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.