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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 2024-05-16 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2045984

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	170.10	170.25	172.40	168.10	0.582 times
15 Wed May 2024	169.40	180.45	181.45	168.50	1.374 times
14 Tue May 2024	177.00	169.50	179.90	167.30	1.749 times
13 Mon May 2024	165.90	171.00	174.75	163.10	1.74 times
10 Fri May 2024	171.00	172.85	174.00	165.00	1.032 times
09 Thu May 2024	171.50	180.00	180.85	169.00	0.8 times
08 Wed May 2024	180.05	179.90	181.90	177.00	0.54 times
07 Tue May 2024	178.95	183.30	186.25	175.25	0.749 times
06 Mon May 2024	182.70	191.30	191.70	178.80	1.105 times
03 Fri May 2024	191.30	193.50	193.90	189.00	0.481 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 174, but if it comes above 174, then a intra day buy could be more profitable.
If you take a sell trade below 174, then use 174 as stoploss and 159.5 as target. However if you take a buy trade in stock , then use 174 as stoploss and 186.03 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	107.20
Downside Target	136.45
Downside Target	163.10
Upside Target	176.80
Upside Target	181.45
Upside Target	189.00
Upside Target	192.00
Upside Target	195.75
Upside Target	196.00
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	161.65
Downside Intraday Target	153.2
Upside Intraday Target	180
Upside Intraday Target	189.9
Upside Intraday Target	171.55

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	170.10	171.00	181.45	163.10	1.288 times
10 Fri May 2024	171.00	191.30	191.70	165.00	2.129 times
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

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 Thu May 2024	170.10	191.50	195.75	163.10	0.358 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 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 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 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 mid to longer 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.

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 and the sell signal is strong.

Electrosteel Castings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Electrosteel Castings in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 174.23 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.