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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 2024-10-21 View latest technical analysis

10 day averaged volume of Nelcast is 83407

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	123.77	126.00	127.23	123.03	0.515 times
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	1.356 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 124, but if it comes above 124, then a intra day buy could be more profitable.
If you take a sell trade below 124, then use 124 as stoploss and 116.2 as target. However if you take a buy trade in stock , then use 124 as stoploss and 130.48 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	121.68
Upside Target	127.23
Upside Target	135.30
Upside Target	138.91
Upside Target	139.34
Upside Target	141.80
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	122.12
Downside Intraday Target	120.48
Upside Intraday Target	126.32
Upside Intraday Target	128.88
Upside Intraday Target	124.68

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	123.77	126.00	127.23	123.03	0.113 times
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

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
21 Mon Oct 2024	123.77	137.30	139.34	121.68	0.256 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 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 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 125.11 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.