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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 2024-07-30 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 5149178

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	216.80	210.95	221.40	208.26	1.154 times
29 Mon Jul 2024	210.07	212.99	214.50	206.76	0.479 times
26 Fri Jul 2024	210.55	212.70	217.00	210.00	0.483 times
25 Thu Jul 2024	211.03	209.00	217.80	206.01	1.21 times
24 Wed Jul 2024	209.76	197.80	212.80	196.00	2.328 times
23 Tue Jul 2024	194.81	195.39	200.51	184.00	0.759 times
22 Mon Jul 2024	194.29	201.99	204.90	193.70	0.607 times
19 Fri Jul 2024	200.82	188.24	203.00	181.42	1.243 times
18 Thu Jul 2024	188.49	194.00	194.00	186.00	0.533 times
16 Tue Jul 2024	194.06	203.84	205.00	192.10	0.811 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 218.6, for a target of 206.4 or 196.27

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	217.80
Upside Target	221.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	208.57
Downside Intraday Target	200.35
Upside Intraday Target	223.21
Upside Intraday Target	229.63
Downside Intraday Target	214.99

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	216.80	212.99	221.40	206.76	0.303 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 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
30 Tue Jul 2024	216.80	171.25	221.40	171.25	2.729 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 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 205 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.