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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 2024-07-29 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 5651439

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	210.07	212.99	214.50	206.76	0.436 times
26 Fri Jul 2024	210.55	212.70	217.00	210.00	0.44 times
25 Thu Jul 2024	211.03	209.00	217.80	206.01	1.102 times
24 Wed Jul 2024	209.76	197.80	212.80	196.00	2.121 times
23 Tue Jul 2024	194.81	195.39	200.51	184.00	0.691 times
22 Mon Jul 2024	194.29	201.99	204.90	193.70	0.553 times
19 Fri Jul 2024	200.82	188.24	203.00	181.42	1.133 times
18 Thu Jul 2024	188.49	194.00	194.00	186.00	0.486 times
16 Tue Jul 2024	194.06	203.84	205.00	192.10	0.739 times
15 Mon Jul 2024	202.48	197.98	204.00	195.00	1.41 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 204, but if it comes below 204, then a intra day sell could be more profitable.
If you take a sell trade below 204, then use 204 as stoploss and 194.86 as target. However if you take a buy trade in stock , then use 204 as stoploss and 214.9 as target.

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	198.70
Downside Target	205.00
Downside Target	206.76
Downside Target	208.00
Upside Target	214.50
Upside Target	217.80

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	206.39
Downside Intraday Target	202.7
Upside Intraday Target	214.13
Upside Intraday Target	218.18
Upside Intraday Target	210.44

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	210.07	212.99	214.50	206.76	0.089 times
26 Fri Jul 2024	210.55	201.99	217.80	184.00	1.303 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

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
29 Mon Jul 2024	210.07	171.25	217.80	171.25	2.545 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 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 losing 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 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 and the buying is gaining 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 203.25 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.