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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 2024-08-20 View latest technical analysis

10 day averaged volume of Nitco is 356409

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	84.87	84.02	87.00	83.10	1.214 times
19 Mon Aug 2024	82.48	80.00	84.03	76.55	1.558 times
16 Fri Aug 2024	77.62	74.97	77.90	74.51	1.613 times
14 Wed Aug 2024	74.84	76.95	76.95	74.11	0.317 times
13 Tue Aug 2024	75.09	75.01	77.63	75.00	0.688 times
12 Mon Aug 2024	74.80	77.00	78.00	73.00	1.042 times
09 Fri Aug 2024	77.23	76.39	78.00	75.60	0.724 times
08 Thu Aug 2024	74.12	74.30	78.32	73.50	0.847 times
07 Wed Aug 2024	74.97	73.10	78.00	72.05	1.149 times
06 Tue Aug 2024	71.75	78.14	80.39	70.80	1.013 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 84, for a target of 79.5 or 75.71

Share price targets for Nitco (NITCO)

Target Type	Value
Downside Target	18.00
Downside Target	21.30
Downside Target	22.80
Downside Target	34.35
Downside Target	69.00
Downside Target	70.80
Downside Target	73.00
Downside Target	76.46
Downside Target	81.60
Downside Target	82.50
Downside Target	82.65
Upside Target	87.00
Upside Target	88.90

Intraday share price targets for Nitco (NITCO)

Target Type	Value
Downside Intraday Target	78.61
Downside Intraday Target	72.36
Upside Intraday Target	89.06
Upside Intraday Target	93.26
Downside Intraday Target	82.81

Weekly technical analysis of Nitco (NITCO)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	84.87	80.00	87.00	76.55	0.757 times
16 Fri Aug 2024	77.62	77.00	78.00	73.00	0.765 times
09 Fri Aug 2024	77.23	79.00	82.65	70.80	0.434 times
02 Fri Aug 2024	80.45	73.16	82.50	71.00	4.245 times
26 Fri Jul 2024	71.34	70.30	76.46	69.00	1.174 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 Nitco (NITCO)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	84.87	78.00	87.00	70.80	0.934 times
31 Wed Jul 2024	78.35	79.66	81.60	69.00	1.43 times
28 Fri Jun 2024	79.66	88.30	88.90	74.00	0.167 times
09 Thu Nov 2023	28.70	22.10	34.35	21.30	2.243 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 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 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 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 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 77.48 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.