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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 2024-11-08 View latest technical analysis

10 day averaged volume of Nelcast is 57316

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	119.94	121.05	124.04	118.80	1.933 times
07 Thu Nov 2024	124.94	125.00	128.77	122.00	2.181 times
06 Wed Nov 2024	125.14	125.00	126.00	123.37	0.736 times
05 Tue Nov 2024	123.63	119.79	124.00	118.35	1.086 times
04 Mon Nov 2024	119.22	121.00	121.50	118.05	0.548 times
01 Fri Nov 2024	120.31	119.74	120.98	117.96	0.393 times
31 Thu Oct 2024	118.62	118.59	120.00	117.50	0.629 times
30 Wed Oct 2024	118.70	117.77	119.39	115.77	0.54 times
29 Tue Oct 2024	117.54	116.80	118.51	115.77	0.624 times
28 Mon Oct 2024	116.31	109.35	117.64	108.26	1.274 times

My analysis of stock is bearish for shortterm, and stock might move down till 116.3 or till 111.4. Use a stoploss of 120.49 and if the stock hits stoploss, then it can shoot up till 124.64

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	106.22
Downside Target	117.96
Upside Target	120.98
Upside Target	127.23
Upside Target	129.90
Upside Target	131.36
Upside Target	135.30
Upside Target	138.91
Upside Target	139.34
Upside Target	153.15
Upside Target	154.00
Upside Target	158.00

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	115.74
Downside Intraday Target	111.53
Upside Intraday Target	126.46
Upside Intraday Target	132.97
Upside Intraday Target	122.25

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	119.94	121.00	128.77	118.05	1.874 times
01 Fri Nov 2024	120.31	109.35	120.98	108.26	0.612 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nelcast (NELCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	119.94	119.74	128.77	117.96	0.239 times
31 Thu Oct 2024	118.62	137.30	139.34	106.22	0.355 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Nelcast ( (NELCAST) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 BUY signal for Nelcast in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL 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 121.03 and Nelcast (NELCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Nelcast (NELCAST) stock. Volume based technical analysis of Nelcast (NELCAST) stock is negative.

Nelcast Stock is giving positive 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.