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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 2024-05-03 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2801972

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	191.30	193.50	193.90	189.00	0.351 times
02 Thu May 2024	192.35	191.50	195.75	191.20	0.314 times
30 Tue Apr 2024	192.00	193.00	196.00	190.60	0.343 times
29 Mon Apr 2024	191.85	194.20	196.00	190.60	0.442 times
26 Fri Apr 2024	193.10	200.45	203.50	192.00	0.819 times
25 Thu Apr 2024	199.35	203.00	204.40	196.00	0.681 times
24 Wed Apr 2024	203.10	205.25	207.20	200.60	0.559 times
23 Tue Apr 2024	204.30	203.50	208.00	200.50	0.895 times
22 Mon Apr 2024	201.50	201.05	206.00	200.00	2.158 times
19 Fri Apr 2024	196.75	185.35	200.00	183.05	3.124 times

My analysis of stock is bearish for shortterm, and stock might move down till 187.8 or till 181.4. Use a stoploss of 193.07 and if the stock hits stoploss, then it can shoot up till 198.37

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	107.20
Downside Target	136.45
Downside Target	163.10
Downside Target	176.80
Downside Target	182.60
Upside Target	195.75
Upside Target	196.00
Upside Target	196.10
Upside Target	200.00
Upside Target	204.40
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	188.2
Downside Intraday Target	185.1
Upside Intraday Target	195.2
Upside Intraday Target	199.1
Upside Intraday Target	192.1

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	191.30	194.20	196.00	189.00	0.284 times
26 Fri Apr 2024	193.10	201.05	208.00	192.00	0.684 times
19 Fri Apr 2024	196.75	181.00	200.00	163.10	2.185 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

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
03 Fri May 2024	191.30	191.50	195.75	189.00	0.031 times
30 Tue Apr 2024	192.00	183.75	208.00	163.10	1.002 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

Scroll below to view daily charts

Price has moved down 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 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 Strong and stock is gaining momentum.

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

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. Bears 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 and SELL 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 198.01 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.