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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 2024-03-05 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2124474

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	163.25	163.85	168.20	161.05	0.702 times
04 Mon Mar 2024	164.15	165.00	165.30	159.05	1.002 times
02 Sat Mar 2024	164.30	166.50	169.90	163.10	0.315 times
01 Fri Mar 2024	165.30	162.10	169.40	162.10	0.996 times
29 Thu Feb 2024	159.90	165.15	166.40	157.70	2.13 times
28 Wed Feb 2024	165.55	169.05	169.05	160.85	1.067 times
27 Tue Feb 2024	169.10	173.00	174.95	167.10	0.735 times
26 Mon Feb 2024	173.50	177.30	178.00	171.80	1.211 times
23 Fri Feb 2024	176.50	179.50	180.25	175.65	0.541 times
22 Thu Feb 2024	178.40	175.95	179.00	172.60	0.758 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 163.3, but if it comes above 163.3, then a intra day buy could be more profitable.
If you take a sell trade below 163.3, then use 163.3 as stoploss and 152.9 as target. However if you take a buy trade in stock , then use 163.3 as stoploss and 172.03 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	82.55
Downside Target	106.00
Downside Target	118.70
Downside Target	137.50
Downside Target	157.70
Upside Target	168.20
Upside Target	173.10
Upside Target	176.80
Upside Target	178.00
Upside Target	187.00
Upside Target	187.25
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	158.8
Downside Intraday Target	154.35
Upside Intraday Target	167.95
Upside Intraday Target	172.65
Upside Intraday Target	163.5

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	163.25	165.00	168.20	159.05	0.264 times
02 Sat Mar 2024	164.30	177.30	178.00	157.70	1.169 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

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
05 Tue Mar 2024	163.25	162.10	169.90	159.05	0.06 times
29 Thu Feb 2024	159.90	174.00	204.40	137.50	0.879 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

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 Electrosteel Castings (ELECTCAST)

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 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 to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong and stock is losing 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 LOWS in short term which reflects strong selling momentum. Bears 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 buy signal for Electrosteel Castings in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY 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 166.84 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.