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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 2024-03-21 View latest technical analysis

10 day averaged volume of Nelcast is 160408

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	130.75	126.95	131.65	126.95	0.702 times
20 Wed Mar 2024	125.85	128.10	131.70	125.00	0.571 times
19 Tue Mar 2024	128.90	131.45	132.30	128.00	0.651 times
18 Mon Mar 2024	131.40	131.00	132.45	128.75	0.884 times
15 Fri Mar 2024	130.55	128.00	131.95	127.60	0.804 times
14 Thu Mar 2024	127.85	123.05	131.10	121.65	1.174 times
13 Wed Mar 2024	124.90	130.95	137.40	122.50	1.671 times
12 Tue Mar 2024	131.80	137.25	139.80	131.00	1.093 times
11 Mon Mar 2024	137.35	142.00	143.50	136.10	0.749 times
07 Thu Mar 2024	143.05	144.35	145.50	142.05	0.632 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 130 as stoploss in an intra day buy trade for a target of 142.45. However, stock will show a bearish move below 130.

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	126.35
Downside Intraday Target	121.95
Upside Intraday Target	133.8
Upside Intraday Target	136.85
Downside Intraday Target	129.4

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	130.75	131.00	132.45	125.00	0.511 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 up 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
21 Thu Mar 2024	130.75	152.35	160.30	121.65	0.882 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Nelcast ( (NELCAST) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 buy signal for Nelcast in short term but BUY signal is weak.

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 130.42 and Nelcast (NELCAST) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.