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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 2024-10-03 View latest technical analysis

10 day averaged volume of Nelcast is 281651

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	132.60	133.10	137.50	132.00	0.424 times
01 Tue Oct 2024	136.21	137.30	139.34	135.00	0.208 times
30 Mon Sep 2024	136.98	141.80	141.80	136.50	0.242 times
27 Fri Sep 2024	140.12	138.30	143.04	138.26	0.476 times
26 Thu Sep 2024	137.91	138.30	144.50	137.15	0.763 times
25 Wed Sep 2024	138.43	139.76	140.45	136.50	0.364 times
24 Tue Sep 2024	139.76	142.35	143.08	138.87	0.507 times
23 Mon Sep 2024	141.66	145.40	148.80	141.10	1.998 times
20 Fri Sep 2024	144.17	132.85	145.00	131.81	2.707 times
19 Thu Sep 2024	131.84	136.99	136.99	130.65	0.396 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 133.9, but if it comes above 133.9, then a intra day buy could be more profitable.
If you take a sell trade below 133.9, then use 133.9 as stoploss and 129.6 as target. However if you take a buy trade in stock , then use 133.9 as stoploss and 137.42 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	116.50
Downside Target	129.90
Upside Target	135.30
Upside Target	145.00
Upside Target	148.48
Upside Target	148.80
Upside Target	153.15
Upside Target	154.00
Upside Target	158.00
Upside Target	163.70

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	129.13
Downside Intraday Target	125.67
Upside Intraday Target	138.93
Upside Intraday Target	145.27
Upside Intraday Target	135.47

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	132.60	141.80	141.80	132.00	0.213 times
27 Fri Sep 2024	140.12	145.40	148.80	136.50	0.517 times
20 Fri Sep 2024	144.17	136.20	145.00	129.90	2.615 times
13 Fri Sep 2024	134.39	140.20	148.48	131.80	2.64 times
06 Fri Sep 2024	140.41	146.50	153.15	139.41	0.58 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
03 Thu Oct 2024	132.60	137.30	139.34	132.00	0.038 times
30 Mon Sep 2024	136.98	146.50	153.15	129.90	2.746 times
30 Fri Aug 2024	145.75	149.50	154.00	135.30	0.655 times
31 Wed Jul 2024	147.72	150.40	158.00	138.91	0.75 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 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 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 BUY. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 140.55 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 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.