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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 2024-12-31 View latest technical analysis

10 day averaged volume of Nelcast is 42370

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	123.67	123.61	125.00	120.41	0.914 times
30 Mon Dec 2024	123.13	123.00	126.90	120.49	0.891 times
27 Fri Dec 2024	122.03	123.00	124.15	121.00	0.879 times
26 Thu Dec 2024	122.90	126.60	127.00	121.92	1.08 times
24 Tue Dec 2024	126.68	126.35	127.77	125.16	0.444 times
23 Mon Dec 2024	124.33	127.35	129.75	124.02	1.126 times
20 Fri Dec 2024	126.73	129.40	130.29	126.00	1.184 times
19 Thu Dec 2024	128.15	127.95	129.00	126.83	0.748 times
18 Wed Dec 2024	128.76	130.99	130.99	126.88	0.857 times
17 Tue Dec 2024	129.40	133.00	133.89	128.50	1.374 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 123.9, but if it comes above 123.9, then a intra day buy could be more profitable.
If you take a sell trade below 123.9, then use 123.9 as stoploss and 120.1 as target. However if you take a buy trade in stock , then use 123.9 as stoploss and 127.03 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	105.21
Downside Target	115.72
Downside Target	120.41
Upside Target	125.01
Upside Target	129.90
Upside Target	133.89
Upside Target	134.00
Upside Target	135.30
Upside Target	139.34
Upside Target	153.15
Upside Target	154.00

Intraday share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Intraday Target	120.42
Downside Intraday Target	117.17
Upside Intraday Target	126.91
Upside Intraday Target	130.15
Downside Intraday Target	123.66

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	123.67	123.00	126.90	120.41	0.512 times
27 Fri Dec 2024	122.03	127.35	129.75	121.00	0.632 times
20 Fri Dec 2024	126.73	133.00	133.89	126.00	0.645 times
13 Fri Dec 2024	131.07	128.20	134.00	125.01	1.054 times
06 Fri Dec 2024	127.67	117.22	128.90	115.72	0.875 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
31 Tue Dec 2024	123.67	117.22	134.00	115.72	0.79 times
29 Fri Nov 2024	117.22	119.74	128.77	105.21	0.904 times
31 Thu Oct 2024	118.62	137.30	139.34	106.22	0.355 times
30 Mon Sep 2024	136.98	146.50	153.15	129.90	2.746 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 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 but the sell signal is initial and weak.

Nelcast Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Nelcast in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 125.62 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.