Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-20 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1283532

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	177.58	165.95	178.90	165.01	2.953 times
19 Wed Jun 2024	165.59	171.25	171.39	165.00	0.842 times
18 Tue Jun 2024	170.21	173.50	175.75	169.75	0.922 times
14 Fri Jun 2024	172.11	172.49	177.68	171.76	1.824 times
13 Thu Jun 2024	169.59	168.10	170.00	166.70	0.617 times
12 Wed Jun 2024	167.03	168.90	170.85	165.57	0.759 times
11 Tue Jun 2024	167.60	168.00	171.41	166.15	0.84 times
10 Mon Jun 2024	166.60	165.90	168.00	159.12	0.963 times
07 Fri Jun 2024	164.25	160.70	165.00	158.50	0.965 times
06 Thu Jun 2024	159.10	160.00	161.95	155.85	0.958 times

Stock of Electrosteel Castings (ELECTCAST) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 180.6, for a target of 172.3 or 165.35

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	155.05
Downside Target	159.12
Downside Target	163.10
Downside Target	173.15
Upside Target	178.70
Upside Target	178.90
Upside Target	182.60
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	168.75
Downside Intraday Target	159.93
Upside Intraday Target	182.65
Upside Intraday Target	187.73
Downside Intraday Target	173.83

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	177.58	173.50	178.90	165.00	0.943 times
14 Fri Jun 2024	172.11	165.90	177.68	159.12	0.56 times
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

Price has moved up 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
20 Thu Jun 2024	177.58	174.40	178.90	135.00	0.66 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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Electrosteel Castings stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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

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 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 169.91 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 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 negative.

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