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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 2024-04-09 View latest technical analysis

10 day averaged volume of Nelcast is 133847

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	149.00	142.40	151.30	141.55	1.898 times
08 Mon Apr 2024	141.70	143.05	144.75	139.75	0.698 times
05 Fri Apr 2024	143.05	142.00	144.50	142.00	0.494 times
04 Thu Apr 2024	142.95	145.50	145.70	141.80	0.568 times
03 Wed Apr 2024	143.35	142.00	145.00	140.70	1.026 times
02 Tue Apr 2024	141.30	140.30	142.00	136.15	1.061 times
01 Mon Apr 2024	139.10	130.45	141.00	130.45	1.349 times
28 Thu Mar 2024	128.50	133.15	134.80	127.00	1.423 times
27 Wed Mar 2024	133.10	130.05	135.20	130.05	1.265 times
26 Tue Mar 2024	130.05	130.60	134.20	128.50	1.358 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 149.5, for a target of 141.4 or 134.66

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	121.65
Downside Target	125.00
Downside Target	130.45
Downside Target	139.75
Downside Target	143.50
Upside Target	151.10
Upside Target	151.30
Upside Target	156.00
Upside Target	160.30
Upside Target	165.80
Upside Target	175.60
Upside Target	179.30

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	142.07
Downside Intraday Target	135.13
Upside Intraday Target	153.62
Upside Intraday Target	158.23
Downside Intraday Target	146.68

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	149.00	143.05	151.30	139.75	0.577 times
05 Fri Apr 2024	143.05	130.45	145.70	130.45	1.112 times
28 Thu Mar 2024	128.50	130.60	135.20	127.00	0.982 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

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
09 Tue Apr 2024	149.00	130.45	151.30	130.45	0.31 times
28 Thu Mar 2024	128.50	152.35	160.30	121.65	1.117 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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 138.78 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.