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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 2024-04-18 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3142457

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	188.40	190.25	194.80	187.05	0.594 times
16 Tue Apr 2024	189.55	192.30	197.05	185.20	1.289 times
15 Mon Apr 2024	193.70	181.00	195.00	163.10	1.997 times
12 Fri Apr 2024	190.65	189.25	195.00	188.50	0.517 times
10 Wed Apr 2024	189.80	192.35	196.00	189.00	0.561 times
09 Tue Apr 2024	192.40	188.70	194.90	186.65	0.858 times
08 Mon Apr 2024	187.75	191.95	196.10	185.70	1.115 times
05 Fri Apr 2024	191.00	189.00	191.95	185.40	0.66 times
04 Thu Apr 2024	190.00	184.00	192.00	182.20	1.509 times
03 Wed Apr 2024	182.50	180.65	186.60	180.20	0.934 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 192.9 as stoploss in an intra day sell trade for a target of 177.84. However, stock will show a bullish move above 192.9.

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	168.65
Downside Intraday Target	148.9
Upside Intraday Target	202.6
Upside Intraday Target	216.8
Downside Intraday Target	182.85

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	188.40	181.00	197.05	163.10	1.272 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
18 Thu Apr 2024	188.40	183.75	197.05	163.10	0.583 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 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 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 SELL signal for Electrosteel Castings in short term but SELL signal is weak.

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 189.93 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. 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.