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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 2024-10-28 View latest technical analysis

10 day averaged volume of Nelcast is 70488

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	116.31	109.35	117.64	108.26	1.036 times
25 Fri Oct 2024	108.70	117.00	117.00	106.22	1.618 times
24 Thu Oct 2024	115.96	118.55	118.85	115.22	0.726 times
23 Wed Oct 2024	117.71	118.35	119.50	115.31	0.596 times
22 Tue Oct 2024	117.82	122.60	123.69	117.00	1.051 times
21 Mon Oct 2024	123.77	126.00	127.23	123.03	0.609 times
18 Fri Oct 2024	124.90	123.80	128.41	121.68	1.929 times
17 Thu Oct 2024	123.59	126.50	126.50	123.00	0.813 times
16 Wed Oct 2024	124.73	124.45	127.50	121.68	1.248 times
15 Tue Oct 2024	123.94	124.85	125.89	123.01	0.614 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 117.7, but if it comes above 117.7, then a intra day buy could be more profitable.
If you take a sell trade below 117.7, then use 117.7 as stoploss and 109.7 as target. However if you take a buy trade in stock , then use 117.7 as stoploss and 124.41 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	106.22
Upside Target	116.50
Upside 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	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	110.5
Downside Intraday Target	104.69
Upside Intraday Target	119.88
Upside Intraday Target	123.45
Downside Intraday Target	114.07

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	116.31	109.35	117.64	108.26	0.225 times
25 Fri Oct 2024	108.70	126.00	127.23	106.22	0.852 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

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
28 Mon Oct 2024	116.31	137.30	139.34	106.22	0.333 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.

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 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 119.44 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.