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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 2024-03-26 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3983410

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	172.70	164.50	179.20	164.00	1.416 times
22 Fri Mar 2024	163.75	157.60	166.60	156.75	0.787 times
21 Thu Mar 2024	156.05	149.90	157.50	149.85	0.549 times
20 Wed Mar 2024	147.90	150.60	152.25	145.05	0.427 times
19 Tue Mar 2024	148.55	154.45	156.45	147.85	0.347 times
18 Mon Mar 2024	153.70	158.15	163.30	151.95	0.665 times
15 Fri Mar 2024	155.60	145.00	158.85	144.95	3.787 times
14 Thu Mar 2024	146.15	138.60	153.50	136.45	1.035 times
13 Wed Mar 2024	143.30	156.00	157.00	141.90	1.084 times
12 Tue Mar 2024	155.20	160.60	162.05	146.20	0.889 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 167.1, but if it comes below 167.1, then a intra day sell could be more profitable.
If you take a sell trade below 167.1, then use 167.1 as stoploss and 159.19 as target. However if you take a buy trade in stock , then use 167.1 as stoploss and 176.5 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
Downside Target	153.95
Downside Target	157.70
Downside Target	164.00
Downside Target	168.20
Upside Target	176.80
Upside Target	178.00
Upside Target	179.20
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	164.73
Downside Intraday Target	156.77
Upside Intraday Target	179.93
Upside Intraday Target	187.17
Downside Intraday Target	171.97

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	172.70	164.50	179.20	164.00	0.51 times
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

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
26 Tue Mar 2024	172.70	162.10	179.20	136.45	0.525 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 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 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.

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Electrosteel Castings in short term and the buy signal is strong.

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

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 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 155.64 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.