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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 2024-08-20 View latest technical analysis

10 day averaged volume of Nelcast is 74448

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	142.55	143.70	145.99	141.91	0.656 times
19 Mon Aug 2024	145.12	140.40	145.77	140.40	0.546 times
16 Fri Aug 2024	142.27	139.80	143.00	139.80	0.565 times
14 Wed Aug 2024	139.77	142.00	142.24	137.92	1.003 times
13 Tue Aug 2024	141.50	142.55	143.55	140.60	0.557 times
12 Mon Aug 2024	141.88	145.00	145.50	141.50	0.648 times
09 Fri Aug 2024	145.61	144.34	147.01	144.00	0.466 times
08 Thu Aug 2024	143.92	149.20	149.20	142.00	0.619 times
07 Wed Aug 2024	148.39	140.15	150.60	139.56	2.56 times
06 Tue Aug 2024	139.38	137.24	145.63	137.24	0.601 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 141 as stoploss in an intra day buy trade for a target of 145.04. However, stock will show a bearish move below 141.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	130.45
Downside Target	135.30
Upside Target	144.02
Upside Target	150.60
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	139.97
Downside Intraday Target	137.39
Upside Intraday Target	145.56
Upside Intraday Target	148.57
Upside Intraday Target	142.98

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	142.55	140.40	145.99	140.40	0.434 times
16 Fri Aug 2024	142.27	145.00	145.50	137.92	0.415 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

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
20 Tue Aug 2024	142.55	149.50	150.60	135.30	0.377 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 losing 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 weakening, and bulls are picking up momentum!

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 144.1 and Nelcast (NELCAST) stock is trading below this level. This means that stock is falling with high volumes. 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.