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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 2024-03-27 View latest technical analysis

10 day averaged volume of Nelcast is 149438

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	133.10	130.05	135.20	130.05	1.133 times
26 Tue Mar 2024	130.05	130.60	134.20	128.50	1.217 times
22 Fri Mar 2024	131.65	131.40	133.00	130.50	0.678 times
21 Thu Mar 2024	130.75	126.95	131.65	126.95	0.753 times
20 Wed Mar 2024	125.85	128.10	131.70	125.00	0.613 times
19 Tue Mar 2024	128.90	131.45	132.30	128.00	0.698 times
18 Mon Mar 2024	131.40	131.00	132.45	128.75	0.949 times
15 Fri Mar 2024	130.55	128.00	131.95	127.60	0.863 times
14 Thu Mar 2024	127.85	123.05	131.10	121.65	1.261 times
13 Wed Mar 2024	124.90	130.95	137.40	122.50	1.794 times

My analysis of stock is bearish for shortterm, and stock might move down till 127.5 or till 114.5. Use a stoploss of 138.39 and if the stock hits stoploss, then it can shoot up till 149.24

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Downside Target	125.00
Downside Target	128.50
Downside Target	133.00
Upside Target	140.40
Upside Target	143.50
Upside Target	148.00
Upside Target	156.00
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	129.33
Downside Intraday Target	125.57
Upside Intraday Target	136.03
Upside Intraday Target	138.97
Downside Intraday Target	132.27

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	133.10	130.60	135.20	128.50	0.636 times
22 Fri Mar 2024	131.65	131.00	133.00	125.00	0.626 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

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
27 Wed Mar 2024	133.10	152.35	160.30	121.65	1.047 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 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 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 BUY signal for Nelcast in short term but the buy signal is initial and weak.

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

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. Bulls are getting stronger in this stock.

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 and BUY 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 129.19 and Nelcast (NELCAST) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Nelcast (NELCAST) stock. Volume based technical analysis of Nelcast (NELCAST) stock is negative.

Nelcast Stock is giving positive 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.