Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-06 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2009203

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	163.30	165.00	167.00	153.95	1.662 times
05 Tue Mar 2024	163.25	163.85	168.20	161.05	0.742 times
04 Mon Mar 2024	164.15	165.00	165.30	159.05	1.06 times
02 Sat Mar 2024	164.30	166.50	169.90	163.10	0.334 times
01 Fri Mar 2024	165.30	162.10	169.40	162.10	1.053 times
29 Thu Feb 2024	159.90	165.15	166.40	157.70	2.252 times
28 Wed Feb 2024	165.55	169.05	169.05	160.85	1.128 times
27 Tue Feb 2024	169.10	173.00	174.95	167.10	0.778 times
26 Mon Feb 2024	173.50	177.30	178.00	171.80	1.28 times
23 Fri Feb 2024	176.50	179.50	180.25	175.65	0.572 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 162.9 as stoploss in an intra day buy trade for a target of 170.65. However, stock will show a bearish move below 162.9.

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	153.95
Downside Target	157.70
Upside Target	168.20
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	155.43
Downside Intraday Target	147.57
Upside Intraday Target	169.68
Upside Intraday Target	176.07
Downside Intraday Target	161.82

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	163.30	165.00	168.20	153.95	0.508 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
06 Wed Mar 2024	163.30	162.10	169.90	153.95	0.091 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 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 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 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 Strong 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Electrosteel Castings in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 165.45 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.