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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 2024-04-16 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2925585

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	189.55	192.30	197.05	185.20	1.385 times
15 Mon Apr 2024	193.70	181.00	195.00	163.10	2.145 times
12 Fri Apr 2024	190.65	189.25	195.00	188.50	0.555 times
10 Wed Apr 2024	189.80	192.35	196.00	189.00	0.603 times
09 Tue Apr 2024	192.40	188.70	194.90	186.65	0.921 times
08 Mon Apr 2024	187.75	191.95	196.10	185.70	1.198 times
05 Fri Apr 2024	191.00	189.00	191.95	185.40	0.709 times
04 Thu Apr 2024	190.00	184.00	192.00	182.20	1.621 times
03 Wed Apr 2024	182.50	180.65	186.60	180.20	1.004 times
02 Tue Apr 2024	180.95	182.00	185.00	178.45	0.601 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 191.8 as stoploss in an intra day sell trade for a target of 176.2. However, stock will show a bullish move above 191.8.

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	163.10
Downside Target	176.80
Downside Target	182.60
Downside Target	185.70
Upside Target	192.00
Upside Target	196.10
Upside Target	197.05
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	169.42
Downside Intraday Target	149.28
Upside Intraday Target	203.37
Upside Intraday Target	217.18
Downside Intraday Target	183.23

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	189.55	181.00	197.05	163.10	1.077 times
12 Fri Apr 2024	190.65	191.95	196.10	185.70	0.716 times
05 Fri Apr 2024	191.00	183.75	192.00	178.45	1.422 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

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
16 Tue Apr 2024	189.55	183.75	197.05	163.10	0.552 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 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 neutral. A longer time frame might give a better analysis.

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 SELL. Signal strength is Strong and stock is losing momentum.

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

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 coming down

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 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 189.52 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.