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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 2024-07-25 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 5230898

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	211.03	209.00	217.80	206.01	1.191 times
24 Wed Jul 2024	209.76	197.80	212.80	196.00	2.292 times
23 Tue Jul 2024	194.81	195.39	200.51	184.00	0.747 times
22 Mon Jul 2024	194.29	201.99	204.90	193.70	0.597 times
19 Fri Jul 2024	200.82	188.24	203.00	181.42	1.224 times
18 Thu Jul 2024	188.49	194.00	194.00	186.00	0.525 times
16 Tue Jul 2024	194.06	203.84	205.00	192.10	0.798 times
15 Mon Jul 2024	202.48	197.98	204.00	195.00	1.524 times
12 Fri Jul 2024	194.40	188.97	195.00	187.08	1.432 times
11 Thu Jul 2024	186.41	187.00	194.00	185.25	0.383 times

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 212.2, for a target of 200.7 or 191.2

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	181.42
Downside Target	195.00
Downside Target	195.75
Downside Target	198.70
Downside Target	205.00
Downside Target	208.00
Upside Target	217.80

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	190.75
Downside Intraday Target	170.48
Upside Intraday Target	224.55
Upside Intraday Target	238.08
Downside Intraday Target	204.28

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	211.03	201.99	217.80	184.00	1.186 times
19 Fri Jul 2024	200.82	197.98	205.00	181.42	1.159 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

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
25 Thu Jul 2024	211.03	171.25	217.80	171.25	2.392 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, and volume has increased substantially. This means that the move can 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 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 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.

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 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 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 but buying 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 200.84 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.