Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-08 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 4290562

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	202.36	205.90	207.80	201.35	0.359 times
07 Wed Aug 2024	204.59	199.40	205.50	198.05	0.408 times
06 Tue Aug 2024	195.72	202.70	209.80	194.00	0.785 times
05 Mon Aug 2024	197.54	208.99	208.99	193.66	1.188 times
02 Fri Aug 2024	215.03	208.00	221.20	203.01	0.84 times
01 Thu Aug 2024	213.27	219.80	223.95	210.46	1.189 times
31 Wed Jul 2024	216.51	217.90	224.40	212.86	1.598 times
30 Tue Jul 2024	216.80	210.95	221.40	208.26	1.385 times
29 Mon Jul 2024	210.07	212.99	214.50	206.76	0.575 times
26 Fri Jul 2024	210.55	212.70	217.00	210.00	0.58 times

My analysis of stock is bearish for shortterm, and stock might move down till 193.7 or till 182.6. Use a stoploss of 202.95 and if the stock hits stoploss, then it can shoot up till 212.21

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	193.66
Upside Target	203.01
Upside Target	208.00
Upside Target	209.80
Upside Target	217.80
Upside Target	223.95
Upside Target	224.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	194.08
Downside Intraday Target	185.8
Upside Intraday Target	210.22
Upside Intraday Target	218.08
Downside Intraday Target	201.94

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	202.36	208.99	209.80	193.66	0.491 times
02 Fri Aug 2024	215.03	212.99	224.40	203.01	0.864 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

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 Thu Aug 2024	202.36	219.80	223.95	193.66	0.216 times
31 Wed Jul 2024	216.51	171.25	224.40	171.25	2.942 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Electrosteel Castings in short term but the sell signal is initial and weak.

Electrosteel Castings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Electrosteel Castings in short term but BUY signal is weak.

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 209.7 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.