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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.

10 day averaged volume of Nelcast is 80606

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	123.48	119.58	124.79	119.46	1.074 times
02 Mon Dec 2024	118.79	117.22	120.50	115.72	1.146 times
29 Fri Nov 2024	117.22	118.80	118.80	115.62	0.442 times
28 Thu Nov 2024	116.85	114.29	118.43	113.34	1.397 times
27 Wed Nov 2024	113.37	114.75	114.75	112.05	1.095 times
26 Tue Nov 2024	113.29	111.88	114.78	110.81	1.146 times
25 Mon Nov 2024	111.01	112.25	114.45	110.50	0.846 times
22 Fri Nov 2024	110.81	113.05	114.90	110.19	0.832 times
21 Thu Nov 2024	112.59	110.98	114.00	110.00	0.607 times
19 Tue Nov 2024	111.70	108.60	115.00	108.37	1.512 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 121.1, but if it comes below 121.1, then a intra day sell could be more profitable.
If you take a sell trade below 121.1, then use 121.1 as stoploss and 115.6 as target. However if you take a buy trade in stock , then use 121.1 as stoploss and 127.8 as target.

Share price targets for Nelcast (NELCAST)

Target Type	Value
Downside Target	105.21
Downside Target	110.50
Downside Target	115.00
Downside Target	118.05
Upside Target	124.79
Upside Target	128.77
Upside Target	129.90
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	117.87
Downside Intraday Target	112.26
Upside Intraday Target	126.94
Upside Intraday Target	130.4
Downside Intraday Target	121.33

Weekly technical analysis of Nelcast (NELCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	123.48	117.22	124.79	115.72	0.451 times
29 Fri Nov 2024	117.22	112.25	118.80	110.50	1.254 times
22 Fri Nov 2024	110.81	111.00	115.00	105.93	0.829 times
14 Thu Nov 2024	108.97	120.00	120.00	105.21	1.028 times
08 Fri Nov 2024	119.94	121.00	128.77	118.05	1.874 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
03 Tue Dec 2024	123.48	117.22	124.79	115.72	0.12 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 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 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 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 Strong 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 SELL signal in short term but selling 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 115 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.