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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 2024-09-06 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2222447

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	209.87	218.00	219.63	207.10	0.771 times
05 Thu Sep 2024	217.72	217.50	222.50	214.00	0.717 times
04 Wed Sep 2024	215.39	219.32	224.85	214.50	1.151 times
03 Tue Sep 2024	221.01	215.70	223.00	212.80	1.151 times
02 Mon Sep 2024	215.10	214.00	217.00	207.50	0.868 times
30 Fri Aug 2024	214.20	212.90	215.90	210.01	0.646 times
29 Thu Aug 2024	211.84	216.96	218.83	210.10	0.912 times
28 Wed Aug 2024	216.96	225.50	226.80	216.00	0.842 times
27 Tue Aug 2024	223.63	219.00	226.22	219.00	1.701 times
26 Mon Aug 2024	217.31	218.75	222.60	214.65	1.102 times

My analysis of stock is bearish for shortterm, and stock might move down till 205.5 or till 197.4. Use a stoploss of 212.29 and if the stock hits stoploss, then it can shoot up till 219.07

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	155.05
Downside Target	171.25
Downside Target	184.00
Downside Target	193.66
Downside Target	201.08
Downside Target	207.10
Upside Target	224.00
Upside Target	224.40
Upside Target	224.85
Upside Target	226.80

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	203.03
Downside Intraday Target	196.19
Upside Intraday Target	220.78
Upside Intraday Target	231.69
Upside Intraday Target	213.94

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	209.87	214.00	224.85	207.10	0.895 times
30 Fri Aug 2024	214.20	218.75	226.80	210.01	0.852 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

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
06 Fri Sep 2024	209.87	214.00	224.85	207.10	0.183 times
30 Fri Aug 2024	214.20	219.80	226.80	193.66	0.596 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

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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Electrosteel Castings in short term and SELL signal is strong!

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 217.12 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.