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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 2024-08-29 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2483055

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	211.84	216.96	218.83	210.10	0.816 times
28 Wed Aug 2024	216.96	225.50	226.80	216.00	0.754 times
27 Tue Aug 2024	223.63	219.00	226.22	219.00	1.523 times
26 Mon Aug 2024	217.31	218.75	222.60	214.65	0.986 times
23 Fri Aug 2024	217.92	221.90	222.45	215.01	0.814 times
22 Thu Aug 2024	220.37	213.00	224.00	211.79	2.477 times
21 Wed Aug 2024	211.16	205.54	214.10	205.49	1.128 times
20 Tue Aug 2024	205.54	205.30	207.60	203.45	0.445 times
19 Mon Aug 2024	204.13	201.90	206.70	201.08	0.603 times
16 Fri Aug 2024	200.98	203.00	204.12	197.85	0.429 times

My analysis of stock is bullish for shortterm, and stock might move up till 216.9 or till 226.3. Use a stoploss of 209.05 and if this stock hits its stoploss, then it can fall down till 201.19

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
Upside Target	214.50
Upside Target	224.00
Upside Target	224.40
Upside Target	226.80

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	205.69
Downside Intraday Target	199.55
Upside Intraday Target	222.39
Upside Intraday Target	232.95
Upside Intraday Target	216.25

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	211.84	218.75	226.80	210.10	0.746 times
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

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 Thu Aug 2024	211.84	219.80	226.80	193.66	0.581 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY signal for Electrosteel Castings in short term and the buy signal is strong.

Electrosteel Castings Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 SELL signal for Electrosteel Castings in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 215.89 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. 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.