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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 2024-09-18 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 4816720

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	218.65	216.15	221.50	214.26	0.465 times
17 Tue Sep 2024	215.91	225.00	225.00	210.30	0.802 times
16 Mon Sep 2024	225.14	232.00	232.10	222.00	0.439 times
13 Fri Sep 2024	230.91	231.60	236.60	228.41	0.969 times
12 Thu Sep 2024	230.55	214.95	233.48	214.95	1.857 times
11 Wed Sep 2024	213.88	221.30	224.50	212.74	0.39 times
10 Tue Sep 2024	220.63	221.90	224.95	218.51	0.597 times
09 Mon Sep 2024	221.56	210.09	223.33	207.11	3.728 times
06 Fri Sep 2024	209.87	218.00	219.63	207.10	0.356 times
05 Thu Sep 2024	217.72	217.50	222.50	214.00	0.331 times

My analysis of stock is bearish for shortterm, and stock might move down till 213.5 or till 207.1. Use a stoploss of 218.93 and if the stock hits stoploss, then it can shoot up till 224.32

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	224.85
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	208.6
Downside Intraday Target	198.55
Upside Intraday Target	230.4
Upside Intraday Target	242.15
Upside Intraday Target	220.35

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	218.65	232.00	232.10	210.30	0.226 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
18 Wed Sep 2024	218.65	214.00	236.60	207.10	0.971 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 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 moving up

CCI has generated a buy signal for Electrosteel Castings in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 222.82 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.