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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 2024-09-27 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2129775

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	215.64	213.40	216.89	211.51	0.687 times
26 Thu Sep 2024	212.62	215.00	215.89	211.20	0.504 times
25 Wed Sep 2024	214.84	216.20	218.45	212.68	0.474 times
24 Tue Sep 2024	216.10	218.00	220.50	214.02	0.613 times
23 Mon Sep 2024	217.76	220.80	221.75	215.10	0.487 times
20 Fri Sep 2024	220.10	215.00	221.20	212.66	0.874 times
19 Thu Sep 2024	212.06	219.35	220.66	210.10	0.997 times
18 Wed Sep 2024	218.65	216.15	221.50	214.26	1.052 times
17 Tue Sep 2024	215.91	225.00	225.00	210.30	1.813 times
16 Mon Sep 2024	225.14	232.00	232.10	222.00	0.994 times

My analysis of stock is bearish for shortterm, and stock might move down till 212.8 or till 206.3. Use a stoploss of 218.27 and if the stock hits stoploss, then it can shoot up till 223.72

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	207.10
Upside Target	221.75
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	210.64
Downside Intraday Target	205.65
Upside Intraday Target	221.19
Upside Intraday Target	226.75
Upside Intraday Target	216.2

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	215.64	220.80	221.75	211.20	0.483 times
20 Fri Sep 2024	220.10	232.00	232.10	210.10	0.336 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

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
27 Fri Sep 2024	215.64	214.00	236.60	207.10	1.145 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short to mid 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 217.15 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 positive

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