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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 2024-06-07 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1917259

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	164.25	160.70	165.00	158.50	0.646 times
06 Thu Jun 2024	159.10	160.00	161.95	155.85	0.641 times
05 Wed Jun 2024	156.60	148.95	157.50	139.00	0.877 times
04 Tue Jun 2024	144.10	164.00	164.90	135.00	2.132 times
03 Mon Jun 2024	165.85	174.40	174.40	161.15	1.685 times
31 Fri May 2024	160.90	157.80	163.00	157.10	0.703 times
30 Thu May 2024	157.20	167.35	168.80	155.05	0.92 times
29 Wed May 2024	167.50	169.70	171.35	166.80	0.609 times
28 Tue May 2024	170.90	169.90	173.15	166.45	0.804 times
27 Mon May 2024	169.45	167.85	171.75	167.05	0.822 times

My analysis of stock is bearish for shortterm, and stock might move down till 158.7 or till 149.5. Use a stoploss of 166.3 and if the stock hits stoploss, then it can shoot up till 173.95

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	155.05
Downside Target	163.10
Upside Target	173.15
Upside Target	174.40
Upside Target	178.70
Upside Target	181.45
Upside Target	182.60
Upside Target	191.70
Upside Target	195.75
Upside Target	204.40
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	141.37
Downside Intraday Target	118.48
Upside Intraday Target	180.77
Upside Intraday Target	197.28
Downside Intraday Target	157.88

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	164.25	174.40	174.40	135.00	1.551 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	164.25	174.40	174.40	135.00	0.316 times
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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Electrosteel Castings in short term and BUY 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 159.42 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 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.