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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 2024-03-20 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3896708

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	147.90	150.60	152.25	145.05	0.437 times
19 Tue Mar 2024	148.55	154.45	156.45	147.85	0.355 times
18 Mon Mar 2024	153.70	158.15	163.30	151.95	0.68 times
15 Fri Mar 2024	155.60	145.00	158.85	144.95	3.871 times
14 Thu Mar 2024	146.15	138.60	153.50	136.45	1.058 times
13 Wed Mar 2024	143.30	156.00	157.00	141.90	1.108 times
12 Tue Mar 2024	155.20	160.60	162.05	146.20	0.909 times
11 Mon Mar 2024	160.60	165.90	166.80	158.35	0.44 times
07 Thu Mar 2024	165.35	163.95	168.00	162.50	0.34 times
06 Wed Mar 2024	163.30	165.00	167.00	153.95	0.857 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 151.4, but if it comes above 151.4, then a intra day buy could be more profitable.
If you take a sell trade below 151.4, then use 151.4 as stoploss and 139.9 as target. However if you take a buy trade in stock , then use 151.4 as stoploss and 160.98 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	136.45
Downside Target	145.05
Upside Target	153.95
Upside Target	157.70
Upside Target	163.30
Upside Target	166.80
Upside Target	172.60
Upside Target	176.80
Upside Target	178.00
Upside Target	187.00
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	140.87
Downside Intraday Target	133.83
Upside Intraday Target	159.12
Upside Intraday Target	170.33
Upside Intraday Target	152.08

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	147.90	158.15	163.30	145.05	0.199 times
15 Fri Mar 2024	155.60	165.90	166.80	136.45	3.473 times
07 Thu Mar 2024	165.35	165.00	168.20	153.95	0.604 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

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
20 Wed Mar 2024	147.90	162.10	169.90	136.45	0.423 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 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 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 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 and the sell signal is strong.

Electrosteel Castings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 153.71 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.