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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 2024-03-04 View latest technical analysis

10 day averaged volume of Nelcast is 113404

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	154.40	158.30	158.80	153.30	0.556 times
02 Sat Mar 2024	158.30	160.30	160.30	155.35	0.06 times
01 Fri Mar 2024	157.30	152.35	158.70	152.35	1.164 times
29 Thu Feb 2024	151.60	153.65	153.65	148.60	0.698 times
28 Wed Feb 2024	152.85	156.50	157.50	151.80	0.914 times
27 Tue Feb 2024	157.65	158.80	161.30	156.00	0.756 times
26 Mon Feb 2024	159.95	159.30	162.90	158.80	0.821 times
23 Fri Feb 2024	158.40	159.00	162.95	158.00	0.565 times
22 Thu Feb 2024	159.20	163.00	164.70	158.00	0.495 times
21 Wed Feb 2024	161.85	162.00	165.80	160.70	1.565 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 153.9 as stoploss in an intra day buy trade for a target of 157. However, stock will show a bearish move below 153.9.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	148.00
Upside Target	160.40
Upside Target	162.05
Upside Target	162.90
Upside Target	164.00
Upside Target	165.80
Upside Target	175.60
Upside Target	179.30
Upside Target	194.30

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	152.2
Downside Intraday Target	150
Upside Intraday Target	157.7
Upside Intraday Target	161
Upside Intraday Target	155.5

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	154.40	158.30	158.80	153.30	0.126 times
02 Sat Mar 2024	158.30	159.30	162.90	148.60	0.711 times
23 Fri Feb 2024	158.40	154.55	165.80	153.00	1.429 times
16 Fri Feb 2024	154.50	159.20	160.40	148.00	0.665 times
09 Fri Feb 2024	159.20	161.00	164.00	156.35	0.578 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
04 Mon Mar 2024	154.40	152.35	160.30	152.35	0.074 times
29 Thu Feb 2024	151.60	163.90	165.80	148.00	0.579 times
31 Wed Jan 2024	161.40	157.50	175.60	156.00	1.356 times
29 Fri Dec 2023	157.90	172.90	179.30	151.10	0.229 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 gaining momentum.

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

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 coming down

CCI has generated a SELL signal for Nelcast in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 157.5 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.