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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 2024-07-15 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3061399

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	202.48	197.98	204.00	195.00	2.603 times
12 Fri Jul 2024	194.40	188.97	195.00	187.08	2.446 times
11 Thu Jul 2024	186.41	187.00	194.00	185.25	0.655 times
10 Wed Jul 2024	185.99	194.90	195.90	182.21	0.82 times
09 Tue Jul 2024	193.22	184.95	198.70	184.11	1.675 times
08 Mon Jul 2024	184.24	189.70	189.90	182.15	0.406 times
05 Fri Jul 2024	189.05	185.30	190.05	183.50	0.536 times
04 Thu Jul 2024	184.30	186.80	189.00	183.05	0.301 times
03 Wed Jul 2024	185.75	190.00	190.34	184.20	0.55 times
02 Tue Jul 2024	188.94	192.00	195.00	184.60	1.134 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 202, for a target of 191.5 or 182.85

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	155.05
Downside Target	163.10
Downside Target	171.25
Downside Target	182.00
Downside Target	195.00
Downside Target	195.75
Downside Target	198.70
Upside Target	204.00
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	196.99
Downside Intraday Target	191.49
Upside Intraday Target	205.99
Upside Intraday Target	209.49
Downside Intraday Target	200.49

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jul 2024	202.48	197.98	204.00	195.00	0.434 times
12 Fri Jul 2024	194.40	189.70	198.70	182.15	1.501 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

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
15 Mon Jul 2024	202.48	171.25	204.00	171.25	1.196 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 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 193.14 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 positive

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