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(NILKAMAL) Nilkamal complete technical analysis [charts+indicators] | Buy/Sell Nilkamal | (NILKAMAL) share price targets

Complete technical analysis of Nilkamal (NILKAMAL) by charts plus indicators, forecast predictions and share price targets for Nilkamal (NILKAMAL)

Nilkamal trades in NSE in Plastic Products sector.

Showing technical analysis as on 2024-05-09 View latest technical analysis

10 day averaged volume of Nilkamal is 8635

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	1869.50	1884.00	1909.95	1860.00	10.141 times
08 Wed May 2024	1891.00	1901.00	1919.25	1878.10	0.685 times
07 Tue May 2024	1911.75	1915.05	1931.95	1890.00	0.879 times
06 Mon May 2024	1900.80	1936.85	1955.00	1890.05	1.69 times
03 Fri May 2024	1922.40	1932.70	1960.00	1904.05	0.922 times
02 Thu May 2024	1923.10	1964.35	1990.15	1908.00	1.332 times
30 Tue Apr 2024	1954.55	1940.50	1980.00	1940.45	0.821 times
29 Mon Apr 2024	1930.80	1925.00	1960.45	1920.00	1.011 times
26 Fri Apr 2024	1915.40	1931.40	1937.95	1900.05	0.56 times
25 Thu Apr 2024	1921.80	1915.00	1955.00	1903.75	1.588 times

Stock of Nilkamal (NILKAMAL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1872.9, but if it comes above 1872.9, then a intra day buy could be more profitable.
If you take a sell trade below 1872.9, then use 1872.9 as stoploss and 1823.9 as target. However if you take a buy trade in stock , then use 1872.9 as stoploss and 1913.63 as target.

Share price targets for Nilkamal (NILKAMAL)

Target Type	Value
Downside Target	1690.00
Downside Target	1800.05
Downside Target	1845.00
Upside Target	1904.05
Upside Target	1990.15
Upside Target	2038.75
Upside Target	2080.00
Upside Target	2115.25
Upside Target	2145.00
Upside Target	2199.00
Upside Target	2263.05

Intraday share price targets for Nilkamal (NILKAMAL)

Target Type	Value
Downside Intraday Target	1834.67
Downside Intraday Target	1799.83
Upside Intraday Target	1929.67
Upside Intraday Target	1989.83
Upside Intraday Target	1894.83

Weekly technical analysis of Nilkamal (NILKAMAL)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	1869.50	1936.85	1955.00	1860.00	3.278 times
03 Fri May 2024	1922.40	1925.00	1990.15	1904.05	0.737 times
26 Fri Apr 2024	1915.40	1930.00	1955.00	1845.00	0.788 times
19 Fri Apr 2024	1846.95	1934.95	1978.45	1800.05	0.387 times
12 Fri Apr 2024	2003.05	2012.00	2080.00	1911.05	0.379 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 Nilkamal (NILKAMAL)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Thu May 2024	1869.50	1964.35	1990.15	1860.00	0.194 times
30 Tue Apr 2024	1954.55	1705.80	2115.25	1705.80	5.961 times
28 Thu Mar 2024	1705.75	1959.45	2038.75	1690.00	1.089 times
29 Thu Feb 2024	1949.70	2173.10	2199.00	1945.00	0.657 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 Nilkamal (NILKAMAL)

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

Price action analysis of Nilkamal ( (NILKAMAL) ) 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 Nilkamal stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Nilkamal in short term and the sell signal is strong.

Nilkamal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Nilkamal 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

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1893.22 and Nilkamal (NILKAMAL) 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 Nilkamal (NILKAMAL) stock. Volume based technical analysis of Nilkamal (NILKAMAL) stock is negative.

Nilkamal Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.