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(NITCO) Nitco complete technical analysis [charts+indicators] | Buy/Sell Nitco | (NITCO) share price targets

Complete technical analysis of Nitco (NITCO) by charts plus indicators, forecast predictions and share price targets for Nitco (NITCO)

Nitco trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2023-10-27 View latest technical analysis

10 day averaged volume of Nitco is 390959

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	19.15	19.30	19.40	19.00	0.207 times
26 Thu Oct 2023	18.75	19.00	19.40	18.00	0.538 times
25 Wed Oct 2023	19.00	19.90	20.20	18.70	0.681 times
23 Mon Oct 2023	19.80	20.95	22.30	19.05	1.876 times
20 Fri Oct 2023	20.75	20.80	21.40	20.40	2.272 times
19 Thu Oct 2023	20.60	20.00	20.90	19.55	0.765 times
18 Wed Oct 2023	20.05	20.65	20.90	19.75	0.658 times
17 Tue Oct 2023	20.30	20.10	21.30	20.10	1.072 times
16 Mon Oct 2023	20.20	19.75	20.60	19.40	0.861 times
13 Fri Oct 2023	19.40	19.45	19.90	19.25	0.611 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 18.8 as stoploss in an intra day buy trade for a target of 19.51. However, stock will show a bearish move below 18.8.

Share price targets for Nitco (NITCO)

Target Type	Value
Downside Target	17.00
Downside Target	17.80
Upside Target	19.40
Upside Target	20.25
Upside Target	20.30
Upside Target	21.00
Upside Target	21.40
Upside Target	22.00
Upside Target	22.30
Upside Target	22.35
Upside Target	23.50

Intraday share price targets for Nitco (NITCO)

Target Type	Value
Downside Intraday Target	17.33
Downside Intraday Target	15.52
Upside Intraday Target	21.63
Upside Intraday Target	24.12
Upside Intraday Target	19.82

Weekly technical analysis of Nitco (NITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	19.15	20.95	22.30	18.00	0.587 times
20 Fri Oct 2023	20.75	19.75	21.40	19.40	1.036 times
13 Fri Oct 2023	19.40	19.65	20.30	18.10	1.043 times
06 Fri Oct 2023	19.65	18.75	21.00	18.65	2.423 times
29 Fri Sep 2023	18.75	19.00	19.50	18.30	0.764 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 Nitco (NITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Oct 2023	19.15	18.75	22.30	18.00	0.814 times
29 Fri Sep 2023	18.75	21.70	22.00	17.80	1.098 times
31 Thu Aug 2023	21.45	19.10	22.35	17.00	1.008 times
31 Mon Jul 2023	18.80	18.50	23.50	17.90	5.579 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 Nitco (NITCO)

Price action analysis of Nitco ( (NITCO) ) 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 Nitco ( (NITCO) ) based on a short to mid 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 Nitco ( (NITCO) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a SELL signal for Nitco in short term but the sell signal is initial and weak.

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

CCI has generated a buy signal for Nitco in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Nitco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.04 and Nitco (NITCO) 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 Nitco (NITCO) stock. Volume based technical analysis of Nitco (NITCO) stock is negative.

Nitco 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.