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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 2024-04-04 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2440332

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	190.00	184.00	192.00	182.20	1.943 times
03 Wed Apr 2024	182.50	180.65	186.60	180.20	1.203 times
02 Tue Apr 2024	180.95	182.00	185.00	178.45	0.721 times
01 Mon Apr 2024	181.30	183.75	184.90	180.00	0.772 times
28 Thu Mar 2024	178.20	179.10	182.60	175.75	0.696 times
27 Wed Mar 2024	177.90	177.75	180.90	174.00	0.852 times
26 Tue Mar 2024	172.70	164.50	179.20	164.00	2.311 times
22 Fri Mar 2024	163.75	157.60	166.60	156.75	1.285 times
21 Thu Mar 2024	156.05	149.90	157.50	149.85	0.896 times
20 Wed Mar 2024	147.90	150.60	152.25	145.05	0.697 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 194, for a target of 177.8 or 164.31

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	106.00
Downside Target	119.25
Downside Target	136.45
Downside Target	145.05
Downside Target	153.95
Downside Target	164.00
Downside Target	176.80
Downside Target	178.45
Downside Target	182.60
Upside Target	192.00
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	181.63
Downside Intraday Target	173.27
Upside Intraday Target	195.18
Upside Intraday Target	200.37
Downside Intraday Target	186.82

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	190.00	183.75	192.00	178.45	1.202 times
28 Thu Mar 2024	178.20	164.50	182.60	164.00	0.852 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

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
04 Thu Apr 2024	190.00	183.75	192.00	178.45	0.188 times
28 Thu Mar 2024	178.20	162.10	182.60	136.45	0.56 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

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 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 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 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 Strong 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 green color and prices are above the green 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 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 174.68 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.