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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 2023-11-02 View latest technical analysis

10 day averaged volume of Nitco is 629132

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu Nov 2023	21.80	21.85	22.40	21.40	0.561 times
01 Wed Nov 2023	21.75	22.10	22.50	21.30	0.766 times
31 Tue Oct 2023	22.10	21.65	22.80	21.15	1.604 times
30 Mon Oct 2023	21.65	19.15	22.30	19.15	3.282 times
27 Fri Oct 2023	19.15	19.30	19.40	19.00	0.129 times
26 Thu Oct 2023	18.75	19.00	19.40	18.00	0.334 times
25 Wed Oct 2023	19.00	19.90	20.20	18.70	0.423 times
23 Mon Oct 2023	19.80	20.95	22.30	19.05	1.166 times
20 Fri Oct 2023	20.75	20.80	21.40	20.40	1.412 times
19 Thu Oct 2023	20.60	20.00	20.90	19.55	0.475 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.2, but if it comes below 21.2, then a intra day sell could be more profitable.
If you take a sell trade below 21.2, then use 21.2 as stoploss and 20.1 as target. However if you take a buy trade in stock , then use 21.2 as stoploss and 22.4 as target.

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	20.30
Downside Target	21.00
Upside Target	22.00
Upside Target	22.30
Upside Target	22.35
Upside Target	22.50
Upside Target	22.80
Upside Target	23.50

Intraday share price targets for Nitco (NITCO)

Target Type	Value
Downside Intraday Target	19.7
Downside Intraday Target	17.6
Upside Intraday Target	23.35
Upside Intraday Target	24.9
Downside Intraday Target	21.25

Weekly technical analysis of Nitco (NITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu Nov 2023	21.80	19.15	22.80	19.15	3.027 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
02 Thu Nov 2023	21.80	22.10	22.50	21.30	0.078 times
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

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 Nitco (NITCO)

Price action analysis of Nitco ( (NITCO) ) 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.11 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.