Nitin Castings Technical Analysis

Nitin Castings Ltd Technical Analysis

Nitin Castings Ltd technical analysis is gaining attention among traders and investors tracking Nitin Castings Ltd Technical Analysis trends in the Indian stock market. Nitin Castings Ltd (NSE: , BSE: 508875) is currently trading at ₹527.35, showing a -0.24% move as of Tue, Mar 03, 2026.

This detailed Nitin Castings Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Nitin Castings Ltd Stock Overview

Nitin Castings Ltd operates in the Non-energy minerals sector under the Steel industry. With a market capitalization of ₹2.71B and a PE ratio of 23.93, Nitin Castings Ltd remains a key stock to watch in Nitin Castings Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹2.71B
• PE Ratio: 23.93
• Dividend Yield: 0.57
• Sector: Non-energy minerals
• Industry: Steel

These fundamentals play an important role in Nitin Castings Ltd technical analysis and valuation tracking.

Nitin Castings Ltd Support and Resistance Levels

Classic Pivot Levels

In Nitin Castings Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 891.62
• Resistance 2: 722.12
• Resistance 1: 624.73
• Pivot Point: 552.62
• Support 1: 455.23
• Support 2: 383.12
• Support 3: 213.62

Conditional Insight

Nitin Castings Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 455.23 and 383.12.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Nitin Castings Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 722.12
• Fibonacci R2: 657.37
• Fibonacci R1: 617.37
• Fibonacci Pivot: 552.62
• Fibonacci S1: 487.87
• Fibonacci S2: 447.87
• Fibonacci S3: 383.12

Nitin Castings Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Nitin Castings Ltd Moving Average Analysis

Moving averages are key indicators in Nitin Castings Ltd technical analysis for identifying trend direction.

• 10 EMA: 537.01
• 20 EMA: 540.57
• 30 EMA: 537.30
• 50 EMA: 530.97
• 100 EMA: 533.73
• 200 EMA: 557.74

Trend Logic

Nitin Castings Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Nitin Castings Ltd technical analysis remains positive above 200 EMA.

Nitin Castings Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 52.42
• MACD: -0.06
• Signal: 6.28
• ADX: 19.24
• Momentum: -46.90

RSI Logic

Nitin Castings Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Nitin Castings Ltd technical analysis indicates bearish momentum with MACD below signal line.

Nitin Castings Ltd Overall Recommendation

• Overall Recommendation Score: 0.20
• Moving Average Recommendation: 0.40
• Other Indicators Recommendation: 0

Overall Nitin Castings Ltd technical analysis sentiment remains neutral with mixed signals.

Nitin Castings Ltd Technical Analysis Conclusion

Nitin Castings Ltd technical analysis suggests that traders should closely monitor price action around ₹527.35 and key pivot level 552.62. Breakouts above resistance or breakdown below support will define the next trend in Nitin Castings Ltd technical analysis.

Investors searching for Nitin Castings Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Nitin Castings Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.