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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 2024-03-14 View latest technical analysis

10 day averaged volume of Nelcast is 173480

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	127.85	123.05	131.10	121.65	1.086 times
13 Wed Mar 2024	124.90	130.95	137.40	122.50	1.545 times
12 Tue Mar 2024	131.80	137.25	139.80	131.00	1.011 times
11 Mon Mar 2024	137.35	142.00	143.50	136.10	0.692 times
07 Thu Mar 2024	143.05	144.35	145.50	142.05	0.584 times
06 Wed Mar 2024	143.10	143.05	148.10	140.40	1.637 times
05 Tue Mar 2024	143.05	155.00	155.45	142.00	2.911 times
04 Mon Mar 2024	154.40	158.30	158.80	153.30	0.364 times
02 Sat Mar 2024	158.30	160.30	160.30	155.35	0.039 times
01 Fri Mar 2024	157.30	152.35	158.70	152.35	0.761 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 124.7, for a target of 138.4 or 149.8

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Upside Target	140.40
Upside Target	143.50
Upside Target	148.00
Upside Target	160.40
Upside Target	162.05
Upside Target	162.90
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	118.5
Downside Intraday Target	109.15
Upside Intraday Target	140.35
Upside Intraday Target	152.85
Upside Intraday Target	131

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Mar 2024	127.85	142.00	143.50	121.65	0.789 times
07 Thu Mar 2024	143.05	158.30	158.80	140.40	1.905 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

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 Mar 2024	127.85	152.35	160.30	121.65	0.671 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 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 gaining 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 SELL signal for Nelcast in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 138.89 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.