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

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

Nitco trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-10-04 View latest technical analysis

10 day averaged volume of Nitco is 379904

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	81.57	83.40	83.50	81.52	0.496 times
03 Thu Oct 2024	82.10	82.90	84.98	81.56	0.814 times
01 Tue Oct 2024	83.45	84.00	85.38	82.80	0.537 times
30 Mon Sep 2024	83.49	86.00	86.06	81.95	1.589 times
27 Fri Sep 2024	85.84	85.00	89.98	83.78	2.139 times
26 Thu Sep 2024	84.57	84.05	85.80	83.74	0.948 times
25 Wed Sep 2024	84.19	85.00	86.20	83.41	0.706 times
24 Tue Sep 2024	85.47	84.55	88.00	84.55	1.356 times
23 Mon Sep 2024	84.71	83.66	86.39	82.25	0.584 times
20 Fri Sep 2024	83.66	83.49	84.51	82.63	0.315 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 81.4, for a target of 83 or 84.27

Share price targets for Nitco (NITCO)

Target Type	Value
Downside Target	69.00
Downside Target	70.80
Downside Target	74.00
Downside Target	80.20
Upside Target	85.38
Upside Target	87.69
Upside Target	88.20
Upside Target	88.75
Upside Target	88.90
Upside Target	89.98
Upside Target	94.70

Intraday share price targets for Nitco (NITCO)

Target Type	Value
Downside Intraday Target	80.04
Downside Intraday Target	78.51
Upside Intraday Target	84.58
Upside Intraday Target	87.59
Upside Intraday Target	83.05

Weekly technical analysis of Nitco (NITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	81.57	86.00	86.06	81.52	0.599 times
27 Fri Sep 2024	85.84	83.66	89.98	82.25	1.803 times
20 Fri Sep 2024	83.66	86.95	87.69	80.20	0.635 times
13 Fri Sep 2024	85.03	84.00	88.20	81.49	1.463 times
06 Fri Sep 2024	83.57	84.05	88.75	81.00	0.282 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 Nitco (NITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	81.57	84.00	85.38	81.52	0.098 times
30 Mon Sep 2024	83.49	84.05	89.98	80.20	0.569 times
30 Fri Aug 2024	84.70	78.00	94.70	70.80	2.198 times
31 Wed Jul 2024	78.35	79.66	81.60	69.00	1.43 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 Nitco (NITCO)

Price action analysis of Nitco ( (NITCO) ) 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 Nitco ( (NITCO) ) 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 Nitco ( (NITCO) ) based on a mid to longer 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.

ADX buy sell signal for Nitco stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Nitco in short term but the sell signal is initial and weak.

Nitco 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 Nitco 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 Nitco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 84.32 and Nitco (NITCO) 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 Nitco (NITCO) stock. Volume based technical analysis of Nitco (NITCO) stock is negative.

Nitco 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.