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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 2023-10-31 View latest technical analysis

10 day averaged volume of Nitco is 555619

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Oct 2023	22.10	21.65	22.80	21.15	1.816 times
30 Mon Oct 2023	21.65	19.15	22.30	19.15	3.716 times
27 Fri Oct 2023	19.15	19.30	19.40	19.00	0.146 times
26 Thu Oct 2023	18.75	19.00	19.40	18.00	0.379 times
25 Wed Oct 2023	19.00	19.90	20.20	18.70	0.479 times
23 Mon Oct 2023	19.80	20.95	22.30	19.05	1.32 times
20 Fri Oct 2023	20.75	20.80	21.40	20.40	1.599 times
19 Thu Oct 2023	20.60	20.00	20.90	19.55	0.538 times
18 Wed Oct 2023	20.05	20.65	20.90	19.75	0.463 times
17 Tue Oct 2023	20.30	20.10	21.30	20.10	0.755 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 21.9, for a target of 20.8 or 19.82

Share price targets for Nitco (NITCO)

Target Type	Value
Downside Target	17.00
Downside Target	17.80
Downside Target	18.65
Downside Target	19.15
Downside Target	20.25
Downside Target	21.00
Downside Target	21.40
Downside Target	22.00
Upside Target	22.30
Upside Target	22.35
Upside Target	22.80
Upside Target	23.50

Intraday share price targets for Nitco (NITCO)

Target Type	Value
Downside Intraday Target	19.9
Downside Intraday Target	17.7
Upside Intraday Target	23.55
Upside Intraday Target	25
Downside Intraday Target	21.35

Weekly technical analysis of Nitco (NITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Oct 2023	22.10	19.15	22.80	19.15	2.381 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Nitco (NITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Tue Oct 2023	22.10	18.75	22.80	18.00	1.141 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 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 Nitco ( (NITCO) ) 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 Nitco ( (NITCO) ) based on a short to mid 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 Nitco ( (NITCO) ) 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 Nitco stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Nitco in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nitco 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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Nitco in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 20.93 and Nitco (NITCO) 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 Nitco (NITCO) stock. Volume based technical analysis of Nitco (NITCO) stock is negative.

Nitco Stock is giving positive 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.