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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 2024-09-09 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2191587

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	221.56	210.09	223.33	207.11	8.194 times
06 Fri Sep 2024	209.87	218.00	219.63	207.10	0.782 times
05 Thu Sep 2024	217.72	217.50	222.50	214.00	0.727 times
04 Wed Sep 2024	215.39	219.32	224.85	214.50	1.167 times
03 Tue Sep 2024	221.01	215.70	223.00	212.80	1.167 times
02 Mon Sep 2024	215.10	214.00	217.00	207.50	0.88 times
30 Fri Aug 2024	214.20	212.90	215.90	210.01	0.655 times
29 Thu Aug 2024	211.84	216.96	218.83	210.10	0.925 times
28 Wed Aug 2024	216.96	225.50	226.80	216.00	0.854 times
27 Tue Aug 2024	223.63	219.00	226.22	219.00	1.725 times

Stock of Electrosteel Castings (ELECTCAST) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 219.9, but if it comes below 219.9, then a intra day sell could be more profitable.
If you take a sell trade below 219.9, then use 219.9 as stoploss and 212.83 as target. However if you take a buy trade in stock , then use 219.9 as stoploss and 228.4 as target.

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
Downside Target	214.50
Upside Target	223.33
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	211.34
Downside Intraday Target	201.11
Upside Intraday Target	227.56
Upside Intraday Target	233.55
Downside Intraday Target	217.33

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	221.56	210.09	223.33	207.11	1.735 times
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

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
09 Mon Sep 2024	221.56	214.00	224.85	207.10	0.501 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 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 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 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Electrosteel Castings in short term and BUY signal is strong.

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

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 219.24 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.