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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 2024-03-22 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3802536

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	163.75	157.60	166.60	156.75	0.824 times
21 Thu Mar 2024	156.05	149.90	157.50	149.85	0.575 times
20 Wed Mar 2024	147.90	150.60	152.25	145.05	0.447 times
19 Tue Mar 2024	148.55	154.45	156.45	147.85	0.363 times
18 Mon Mar 2024	153.70	158.15	163.30	151.95	0.697 times
15 Fri Mar 2024	155.60	145.00	158.85	144.95	3.967 times
14 Thu Mar 2024	146.15	138.60	153.50	136.45	1.084 times
13 Wed Mar 2024	143.30	156.00	157.00	141.90	1.135 times
12 Tue Mar 2024	155.20	160.60	162.05	146.20	0.931 times
11 Mon Mar 2024	160.60	165.90	166.80	158.35	0.451 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 167.2 as stoploss in an intra day sell trade for a target of 159.23. However, stock will show a bullish move above 167.2.

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
Downside Target	153.95
Downside Target	157.70
Upside Target	166.60
Upside Target	169.90
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	150.33
Downside Intraday Target	136.92
Upside Intraday Target	171.88
Upside Intraday Target	180.02
Downside Intraday Target	158.47

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	163.75	158.15	166.60	145.05	0.384 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 up 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
22 Fri Mar 2024	163.75	162.10	169.90	136.45	0.473 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Electrosteel Castings in short term and BUY 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

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 153.43 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 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.