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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 2024-11-14 View latest technical analysis

10 day averaged volume of Nelcast is 72140

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	108.97	107.03	111.78	106.66	1.259 times
13 Wed Nov 2024	107.03	112.00	114.81	105.21	1.761 times
12 Tue Nov 2024	112.31	114.80	117.63	111.95	0.577 times
11 Mon Nov 2024	113.38	120.00	120.00	112.21	1.699 times
08 Fri Nov 2024	119.94	121.05	124.04	118.80	1.536 times
07 Thu Nov 2024	124.94	125.00	128.77	122.00	1.732 times
06 Wed Nov 2024	125.14	125.00	126.00	123.37	0.585 times
05 Tue Nov 2024	123.63	119.79	124.00	118.35	0.863 times
04 Mon Nov 2024	119.22	121.00	121.50	118.05	0.435 times
01 Fri Nov 2024	120.31	119.74	120.98	117.96	0.312 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 112.4, but if it comes above 112.4, then a intra day buy could be more profitable.
If you take a sell trade below 112.4, then use 112.4 as stoploss and 106 as target. However if you take a buy trade in stock , then use 112.4 as stoploss and 117.75 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	105.21
Upside Target	118.05
Upside Target	127.23
Upside Target	128.77
Upside Target	129.90
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	102.79
Downside Intraday Target	96.6
Upside Intraday Target	117.58
Upside Intraday Target	126.18
Upside Intraday Target	111.39

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	108.97	120.00	120.00	105.21	1.028 times
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

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
14 Thu Nov 2024	108.97	119.74	128.77	105.21	0.471 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 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.

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 positive zone. This is a BUY 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 116.46 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.