NELCAST· Materials› Iron & Steel

Nelcast Ltd

Stage 4 · Declining · week 5

As of 16 Oct 2026, Nelcast is in Stage 4 — declining, a downtrend, in week 5 (since 16 Sep 2026). It closed at ₹136, 15.2% below its 52-week high and above its 200-day average, which is rising. In Materials, 34.1% of stocks are in Stage 2.

Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. More about the company

₹135.9
+4.42% today
₹1,185 Cr · Small cap
Market Neutral — FadingMaterials 34.1% in Stage 2-2.9 pts / 20dIron & Steel 36.7%+1.3 pts

Pro read

Pro

Our read

Declining — below its long-term trend

Setup score

—

Momentum

Accelerating ⇈

Edge

—

Is NELCAST early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-15.2%
₹88.2 lo₹160.2 hi
15.2% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 5
1w13w26w
Week 5 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
10.2%
200 DMA: ₹123.3 · rising
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
1.74x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
↑ ⇈
Accelerating · MA20 +10.6% vs MA50 -1.2% / 10d
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+30.8%
3M
+5.8%
6M
-0.8%
YTD
+27.2%
1Y
+12.2%
Sector
Materials
↓ Peaking
Stage 2%
34.1%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
Sector has 153 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
↑ Building
Stage 2%
36.7%
20d Δ
+1.3pp
1M return
-0.1%
3M return
+2.9%
Industry Stage-2 % · last 20 days
Industry has 28 Stage 2 leaders. See Iron & Steel Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 25w
S4 36w
S2 14w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S4 1w → S1 1w → S2 25w → S3 12w → S4 7w → S1 5w → S4 3w → S1 4w → S4 36w → S1 4w → S2 14w → S3 8w → S4 12w → S1 11w → S2 10w → S3 8w → S4 4w current
Total tracked: 168 weeks across 17 stage runs.
Scan Membership
Pullback Hunter
Latest: 2026-06-22
Prop Scan
Latest: 2026-06-22
Breakout Watch
Latest: 2026-05-11
34 appearances in last 60 days. First seen: 2025-06-24.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S4
Wk 5 · Vol 1.74x
2026-10-15S4
Wk 5 · Vol 0.24x
2026-10-14S4
Wk 4 · Vol 0.26x
2026-10-13S4
Wk 4 · Vol 0.33x
2026-10-12S4
Wk 4 · Vol 0.43x
2026-10-09S4
Wk 4 · Vol 1.43x
2026-10-08S4
Wk 4 · Vol 6.90x
2026-10-07S4
Wk 3 · Vol 32.83x
2026-10-06S4
Wk 3 · Vol 1.15x
2026-10-05S4
Wk 3 · Vol 0.76x
2026-10-01S4
Wk 3 · Vol 1.36x
2026-09-30S4
Wk 3 · Vol 1.24x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹119.6
200 DMA
₹123.3
52W High
₹160.2
52W Low
₹88.2
5D Low
₹130.1
Resistance levels (recent highs)
20d High
₹146.3
60d High
₹146.3
120d High
₹160.2
250d High
₹160.2
Next resistance
+7.7%
to 20d High
Ask the Market AI about NELCASTAsk →
P/E (TTM)
24.7
Forward 31.1
Earnings Growth (YoY)
+4.4%
Revenue +27.3%
Dividend Yield
0.51%
P/B 2.0
About this companyMaterials· Iron & Steel

Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. The company provides commercial components, including bogie suspension bracket, conventional suspension/engine/steering/cab mounting bracket, rear and forward differential carrier, flanged and plain half, wheel hub, bearing cap, brake drum, and brake disc rotor products; and tractor/farm components, such as hydraulic lift cover, axle housing, four-wheel drive front axle housing, front engine support, transmission clutch, and center/differential housing products. It also offers off highway/army components, including transmission and differential case, converter and axle housing, and planetary carrier products; railway products comprising brake discs and base plates for ballastless track system; SUV/car components that consist of case body, case cap, and drive head products; and powertrain components, such as gearbox and flywheel housing, and exhaust manifold products. The company serves commercial vehicle, tractor, railways, and off-highway vehicle segments, as well as original equipment manufacturers. Nelcast Limited was incorporated in 1982 and is based in Chennai, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.