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(ELECTCAST) Electrosteel Castings complete technical analysis [charts+indicators] | Buy/Sell Electrosteel Castings | (ELECTCAST) share price targets

Complete technical analysis of Electrosteel Castings (ELECTCAST) by charts plus indicators, forecast predictions and share price targets for Electrosteel Castings (ELECTCAST)

Electrosteel Castings trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-02-26 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 4205819

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	173.50	177.30	178.00	171.80	0.612 times
23 Fri Feb 2024	176.50	179.50	180.25	175.65	0.273 times
22 Thu Feb 2024	178.40	175.95	179.00	172.60	0.383 times
21 Wed Feb 2024	175.20	182.75	184.10	173.80	0.629 times
20 Tue Feb 2024	182.70	181.50	187.00	178.00	0.793 times
19 Mon Feb 2024	180.25	177.50	183.10	177.20	0.71 times
16 Fri Feb 2024	176.35	176.80	180.60	172.50	0.649 times
15 Thu Feb 2024	176.10	174.50	179.95	172.30	1.148 times
14 Wed Feb 2024	173.05	155.30	174.90	152.40	1.334 times
13 Tue Feb 2024	158.00	162.85	165.75	137.50	2.683 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 168.9 as stoploss in an intra day buy trade for a target of 178.46. However, stock will show a bearish move below 168.9.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	70.55
Downside Target	82.55
Downside Target	89.60
Downside Target	106.00
Downside Target	118.70
Downside Target	137.50
Downside Target	157.20
Downside Target	171.80
Upside Target	176.80
Upside Target	187.00
Upside Target	187.25
Upside Target	187.60
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	170.87
Downside Intraday Target	168.23
Upside Intraday Target	177.07
Upside Intraday Target	180.63
Upside Intraday Target	174.43

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	173.50	177.30	178.00	171.80	0.219 times
23 Fri Feb 2024	176.50	177.50	187.00	172.60	0.387 times
16 Fri Feb 2024	176.35	185.00	187.25	137.50	0.764 times
09 Fri Feb 2024	184.40	183.00	204.40	173.10	1.046 times
02 Fri Feb 2024	183.30	164.50	187.60	157.20	1.596 times

Price has moved down 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 Electrosteel Castings (ELECTCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	173.50	174.00	204.40	137.50	0.811 times
31 Wed Jan 2024	175.10	111.60	176.80	107.20	2.1 times
29 Fri Dec 2023	110.70	118.45	119.25	106.00	0.293 times
30 Thu Nov 2023	117.70	85.25	118.70	82.55	1.205 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 Electrosteel Castings (ELECTCAST)

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) 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 Electrosteel Castings stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Electrosteel Castings in short term but the sell signal is initial and weak.

Electrosteel Castings 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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Electrosteel Castings in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Electrosteel Castings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 171.17 and Electrosteel Castings (ELECTCAST) 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 Electrosteel Castings (ELECTCAST) stock. Volume based technical analysis of Electrosteel Castings (ELECTCAST) stock is negative.

Electrosteel Castings 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.