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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 2024-08-23 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2404649

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	217.92	221.90	222.45	215.01	0.841 times
22 Thu Aug 2024	220.37	213.00	224.00	211.79	2.558 times
21 Wed Aug 2024	211.16	205.54	214.10	205.49	1.165 times
20 Tue Aug 2024	205.54	205.30	207.60	203.45	0.459 times
19 Mon Aug 2024	204.13	201.90	206.70	201.08	0.623 times
16 Fri Aug 2024	200.98	203.00	204.12	197.85	0.443 times
14 Wed Aug 2024	200.15	203.70	205.40	195.55	0.868 times
13 Tue Aug 2024	201.42	211.90	213.90	200.00	0.915 times
12 Mon Aug 2024	210.43	210.00	214.50	202.56	1.076 times
09 Fri Aug 2024	210.63	205.40	212.50	201.75	1.252 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 215.3, but if it comes below 215.3, then a intra day sell could be more profitable.
If you take a sell trade below 215.3, then use 215.3 as stoploss and 208.26 as target. However if you take a buy trade in stock , then use 215.3 as stoploss and 223.7 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	184.00
Downside Target	193.66
Downside Target	201.08
Downside Target	208.00
Downside Target	212.50
Downside Target	217.80
Upside Target	224.00
Upside Target	224.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	204.67
Downside Intraday Target	191.41
Upside Intraday Target	227.59
Upside Intraday Target	237.25
Downside Intraday Target	214.33

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	217.92	201.90	224.00	201.08	1.71 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	217.92	219.80	224.00	193.66	0.474 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 up 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 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 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 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 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 210.95 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.