RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NELCAST.NS
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Weaker technical forecast for Nelcast Limited as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Nelcast Limited stock price fell by -3.46% on the last day (Thursday, 28th Mar 2024) from ₹133.10 to ₹128.50. During the last trading day the stock fluctuated 6.14% from a day low at ₹127.00 to a day high of ₹134.80. The price has risen in 6 of the last 10 days and is up by 2.88% over the past 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 190 thousand shares were bought and sold for approximately ₹24.46 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.40% during the next 3 months and, with a 90% probability hold a price between ₹93.08 and ₹115.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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NELCAST.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 2.88%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nelcast Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹129.83 and ₹145.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Nelcast Limited stock

Nelcast Limited finds support from accumulated volume at ₹127.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹7.80 between high and low, or 6.14%. For the last week, the stock has had daily average volatility of 4.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NELCAST.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nelcast Limited to open at ₹130.10, and during the day (based on 14 day Average True Range), to move between ₹122.19 and ₹134.81, which gives a possible trading interval of +/-₹6.31 (+/-4.91%) up or down from last closing price. If Nelcast Limited takes out the full calculated possible swing range there will be an estimated 9.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹127.85 (0.51%) than the resistance at ₹143.05 (11.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nelcast Limited stock A Buy?

Nelcast Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.954 Sell Candidate Downgraded

Predicted Opening Price for Nelcast Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹130.10 ( 1.25%) ₹128.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NELCAST.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 137.90 7.32 %
R2 134.92 5.00 %
R1 133.08 3.56 %
Current price: 128.50
Support S1 127.12 -1.07 %
S2 125.28 -2.51 %
S3 122.30 -4.82 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 156.40 21.71 %
R2 143.10 11.36 %
R1 143.05 11.32 %
Current price 128.50
Support S1 127.85 -0.506%
S2 125.85 -2.06%
S3 124.90 -2.80%

NELCAST Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 28, 2023 Jul 28, 2023 Jul 28, 2023 ₹0.400 0.378%
2 Jul 27, 2023 Jul 27, 2023 Jul 27, 2023 ₹0.400 0.372%
3 Jul 26, 2022 Jul 26, 2022 Jul 26, 2022 ₹0.300 0.445%
4 Jul 30, 2021 Jul 30, 2021 Jul 30, 2021 ₹0.200 0.209%
5 May 27, 2019 Jul 25, 2019 Aug 02, 2019 ₹1.00 2.79%

FAQ

What is the symbol for Nelcast Limited Stock and on which exchange is it traded?
The symbol for Nelcast Limited is NELCAST.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Nelcast Limited Stock?
Nelcast Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Nelcast Limited Stock?
Nelcast Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nelcast Limited Stock.

What's the current price of Nelcast Limited Stock?
As of the end of day on the 2024-03-28, the price of an Nelcast Limited (NELCAST.NS) share was ₹128.50.

What is the 52-week high and low for Nelcast Limited Stock?
The 52-week high for Nelcast Limited Stock is ₹194.30 and the 52-week low is ₹85.50.

What is the market capitalization of Nelcast Limited Stock?
As of the 2024-03-28, the market capitalization of Nelcast Limited is 11.18B.

When is the next earnings date for Nelcast Limited?
The upcoming earnings date for Nelcast Limited is May 15, 2024.
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About Nelcast Limited

Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company provides commercial components, including bogie suspension brackets, conventional suspension/engine/steering/cab mounting brackets, rear and forward differential carriers, flanged and plain half products, wheel hubs, bearing caps, brake drums, and brake disc rotors; and tractor/farm components, such as hydraulic lift covers, and front e... NELCAST.NS Profile

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