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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 2024-08-12 View latest technical analysis

10 day averaged volume of Nelcast is 94496

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	141.88	145.00	145.50	141.50	0.51 times
09 Fri Aug 2024	145.61	144.34	147.01	144.00	0.367 times
08 Thu Aug 2024	143.92	149.20	149.20	142.00	0.488 times
07 Wed Aug 2024	148.39	140.15	150.60	139.56	2.017 times
06 Tue Aug 2024	139.38	137.24	145.63	137.24	0.474 times
05 Mon Aug 2024	136.93	140.99	140.99	135.30	1.918 times
02 Fri Aug 2024	144.70	145.20	148.60	144.02	0.751 times
01 Thu Aug 2024	145.78	149.50	149.58	144.60	1.161 times
31 Wed Jul 2024	147.72	150.15	152.44	147.06	0.936 times
30 Tue Jul 2024	150.45	150.25	151.50	150.01	0.455 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 142.4, but if it comes above 142.4, then a intra day buy could be more profitable.
If you take a sell trade below 142.4, then use 142.4 as stoploss and 137.9 as target. However if you take a buy trade in stock , then use 142.4 as stoploss and 146.13 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	130.45
Downside Target	135.30
Downside Target	138.91
Upside Target	150.60
Upside Target	151.38
Upside Target	152.94
Upside Target	157.80
Upside Target	158.00
Upside Target	163.70
Upside Target	166.00

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	140.42
Downside Intraday Target	138.96
Upside Intraday Target	144.42
Upside Intraday Target	146.96
Upside Intraday Target	142.96

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	141.88	145.00	145.50	141.50	0.097 times
09 Fri Aug 2024	145.61	140.99	150.60	135.30	1.112 times
02 Fri Aug 2024	144.70	150.12	152.94	144.02	0.518 times
26 Fri Jul 2024	150.63	140.01	158.00	138.91	2.755 times
19 Fri Jul 2024	143.01	149.69	151.38	142.19	0.626 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
12 Mon Aug 2024	141.88	149.50	150.60	135.30	0.281 times
31 Wed Jul 2024	147.72	150.40	158.00	138.91	0.75 times
28 Fri Jun 2024	149.61	138.85	163.70	116.50	1.048 times
31 Fri May 2024	134.45	149.55	166.00	131.15	1.236 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 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 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 mid to longer 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.

ADX buy sell signal for Nelcast stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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. 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 144.17 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.