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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 2024-03-20 View latest technical analysis

10 day averaged volume of Nelcast is 201735

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	125.85	128.10	131.70	125.00	0.454 times
19 Tue Mar 2024	128.90	131.45	132.30	128.00	0.517 times
18 Mon Mar 2024	131.40	131.00	132.45	128.75	0.703 times
15 Fri Mar 2024	130.55	128.00	131.95	127.60	0.64 times
14 Thu Mar 2024	127.85	123.05	131.10	121.65	0.934 times
13 Wed Mar 2024	124.90	130.95	137.40	122.50	1.329 times
12 Tue Mar 2024	131.80	137.25	139.80	131.00	0.869 times
11 Mon Mar 2024	137.35	142.00	143.50	136.10	0.595 times
07 Thu Mar 2024	143.05	144.35	145.50	142.05	0.503 times
06 Wed Mar 2024	143.10	143.05	148.10	140.40	1.408 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 131.2, but if it comes above 131.2, then a intra day buy could be more profitable.
If you take a sell trade below 131.2, then use 131.2 as stoploss and 115.9 as target. However if you take a buy trade in stock , then use 131.2 as stoploss and 143.87 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Downside Target	125.00
Upside Target	132.45
Upside Target	140.40
Upside Target	143.50
Upside Target	148.00
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	123.08
Downside Intraday Target	120.32
Upside Intraday Target	130.53
Upside Intraday Target	135.22
Upside Intraday Target	127.77

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	125.85	131.00	132.45	125.00	0.383 times
15 Fri Mar 2024	130.55	142.00	143.50	121.65	0.924 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

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
20 Wed Mar 2024	125.85	152.35	160.30	121.65	0.841 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 getting stronger in this stock.

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 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 132.65 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.