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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 2024-07-08 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1752390

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	184.24	189.70	189.90	182.15	0.71 times
05 Fri Jul 2024	189.05	185.30	190.05	183.50	0.937 times
04 Thu Jul 2024	184.30	186.80	189.00	183.05	0.525 times
03 Wed Jul 2024	185.75	190.00	190.34	184.20	0.961 times
02 Tue Jul 2024	188.94	192.00	195.00	184.60	1.982 times
01 Mon Jul 2024	188.52	171.25	191.28	171.25	2.581 times
28 Fri Jun 2024	173.44	174.42	177.68	171.36	0.373 times
27 Thu Jun 2024	173.94	176.50	181.00	172.86	0.571 times
26 Wed Jun 2024	176.85	178.55	182.60	175.61	0.622 times
25 Tue Jun 2024	177.81	181.25	183.80	177.10	0.501 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 184.6 as stoploss in an intra day sell trade for a target of 176.87. However, stock will show a bullish move above 184.6.

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	171.25
Downside Target	177.68
Downside Target	182.00
Downside Target	184.00
Upside Target	189.90
Upside Target	195.00
Upside Target	195.75
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	180.96
Downside Intraday Target	177.68
Upside Intraday Target	188.71
Upside Intraday Target	193.18
Upside Intraday Target	185.43

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	184.24	189.70	189.90	182.15	0.102 times
05 Fri Jul 2024	189.05	171.25	195.00	171.25	2.317 times
28 Fri Jun 2024	173.44	178.00	184.00	171.36	0.581 times
21 Fri Jun 2024	178.24	173.50	182.00	165.00	1.415 times
14 Fri Jun 2024	172.11	165.90	177.68	159.12	0.56 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
08 Mon Jul 2024	184.24	171.25	195.00	171.25	0.418 times
28 Fri Jun 2024	173.44	174.40	184.00	135.00	0.89 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

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 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 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 Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 185.12 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.