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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 2024-09-16 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 4667538

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	225.14	232.00	232.10	222.00	0.454 times
13 Fri Sep 2024	230.91	231.60	236.60	228.41	1 times
12 Thu Sep 2024	230.55	214.95	233.48	214.95	1.917 times
11 Wed Sep 2024	213.88	221.30	224.50	212.74	0.402 times
10 Tue Sep 2024	220.63	221.90	224.95	218.51	0.616 times
09 Mon Sep 2024	221.56	210.09	223.33	207.11	3.848 times
06 Fri Sep 2024	209.87	218.00	219.63	207.10	0.367 times
05 Thu Sep 2024	217.72	217.50	222.50	214.00	0.342 times
04 Wed Sep 2024	215.39	219.32	224.85	214.50	0.548 times
03 Tue Sep 2024	221.01	215.70	223.00	212.80	0.548 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 224.3, but if it comes below 224.3, then a intra day sell could be more profitable.
If you take a sell trade below 224.3, then use 224.3 as stoploss and 218.03 as target. However if you take a buy trade in stock , then use 224.3 as stoploss and 231.9 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	222.00
Downside Target	224.85
Upside Target	226.80
Upside Target	232.10
Upside Target	236.60

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	220.73
Downside Intraday Target	216.31
Upside Intraday Target	230.83
Upside Intraday Target	236.51
Upside Intraday Target	226.41

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	225.14	232.00	232.10	222.00	0.058 times
13 Fri Sep 2024	230.91	210.09	236.60	207.11	3.509 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

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 Mon Sep 2024	225.14	214.00	236.60	207.10	0.863 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 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 losing 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 but buying is losing 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 223.08 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.