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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 2024-08-16 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3034602

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	200.98	203.00	204.12	197.85	0.351 times
14 Wed Aug 2024	200.15	203.70	205.40	195.55	0.688 times
13 Tue Aug 2024	201.42	211.90	213.90	200.00	0.725 times
12 Mon Aug 2024	210.43	210.00	214.50	202.56	0.852 times
09 Fri Aug 2024	210.63	205.40	212.50	201.75	0.992 times
08 Thu Aug 2024	202.36	205.90	207.80	201.35	0.508 times
07 Wed Aug 2024	204.59	199.40	205.50	198.05	0.577 times
06 Tue Aug 2024	195.72	202.70	209.80	194.00	1.11 times
05 Mon Aug 2024	197.54	208.99	208.99	193.66	1.68 times
02 Fri Aug 2024	215.03	208.00	221.20	203.01	1.187 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 198.6 as stoploss in an intra day buy trade for a target of 205.84. However, stock will show a bearish move below 198.6.

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	212.50
Upside Target	214.50
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	192.85
Downside Intraday Target	184.73
Upside Intraday Target	211.8
Upside Intraday Target	222.63
Upside Intraday Target	203.68

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	200.98	210.00	214.50	195.55	0.538 times
09 Fri Aug 2024	210.63	208.99	212.50	193.66	0.616 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

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
16 Fri Aug 2024	200.98	219.80	223.95	193.66	0.331 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 SELL. 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 moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Electrosteel Castings is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 203.89 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.