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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 2024-10-29 View latest technical analysis

10 day averaged volume of Nelcast is 72178

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	117.54	116.80	118.51	115.77	0.495 times
28 Mon Oct 2024	116.31	109.35	117.64	108.26	1.012 times
25 Fri Oct 2024	108.70	117.00	117.00	106.22	1.58 times
24 Thu Oct 2024	115.96	118.55	118.85	115.22	0.709 times
23 Wed Oct 2024	117.71	118.35	119.50	115.31	0.582 times
22 Tue Oct 2024	117.82	122.60	123.69	117.00	1.026 times
21 Mon Oct 2024	123.77	126.00	127.23	123.03	0.595 times
18 Fri Oct 2024	124.90	123.80	128.41	121.68	1.884 times
17 Thu Oct 2024	123.59	126.50	126.50	123.00	0.794 times
16 Wed Oct 2024	124.73	124.45	127.50	121.68	1.219 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 117.3 as stoploss in an intra day buy trade for a target of 123.44. However, stock will show a bearish move below 117.3.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	106.22
Downside 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	111.03
Downside Intraday Target	104.52
Upside Intraday Target	121.28
Upside Intraday Target	125.02
Downside Intraday Target	114.77

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	117.54	109.35	118.51	108.26	0.336 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
29 Tue Oct 2024	117.54	137.30	139.34	106.22	0.34 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nelcast is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 119.08 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.