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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 2024-05-31 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1325693

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	160.90	157.80	163.00	157.10	1.017 times
30 Thu May 2024	157.20	167.35	168.80	155.05	1.33 times
29 Wed May 2024	167.50	169.70	171.35	166.80	0.881 times
28 Tue May 2024	170.90	169.90	173.15	166.45	1.163 times
27 Mon May 2024	169.45	167.85	171.75	167.05	1.188 times
24 Fri May 2024	166.70	168.25	174.00	164.00	1.168 times
23 Thu May 2024	168.05	169.00	172.00	167.00	0.606 times
22 Wed May 2024	169.00	172.40	172.40	166.60	0.906 times
21 Tue May 2024	171.75	178.70	178.70	170.70	1.19 times
18 Sat May 2024	178.25	174.20	178.70	174.05	0.294 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 164.9, but if it comes above 164.9, then a intra day buy could be more profitable.
If you take a sell trade below 164.9, then use 164.9 as stoploss and 157.6 as target. However if you take a buy trade in stock , then use 164.9 as stoploss and 171.02 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	107.20
Downside Target	136.45
Downside Target	155.05
Upside Target	163.10
Upside Target	173.15
Upside Target	176.80
Upside Target	182.60
Upside Target	189.00
Upside Target	191.70
Upside Target	195.75
Upside Target	196.00
Upside Target	204.40
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	152.92
Downside Intraday Target	144.93
Upside Intraday Target	171.02
Upside Intraday Target	181.13
Upside Intraday Target	163.03

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	160.90	167.85	173.15	155.05	1.441 times
24 Fri May 2024	166.70	178.70	178.70	164.00	0.388 times
18 Sat May 2024	178.25	171.00	181.45	163.10	1.529 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

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
31 Fri May 2024	160.90	191.50	195.75	155.05	0.6 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 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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing 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 166.97 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.