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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 2024-10-08 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1323876

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	197.07	191.34	198.00	189.00	1.04 times
07 Mon Oct 2024	189.93	201.50	202.76	186.41	1.905 times
04 Fri Oct 2024	199.32	205.95	206.59	197.01	1.161 times
03 Thu Oct 2024	205.55	210.00	211.48	203.87	1.273 times
01 Tue Oct 2024	212.77	212.60	216.00	212.29	0.535 times
30 Mon Sep 2024	211.46	215.41	216.50	210.60	0.678 times
27 Fri Sep 2024	215.64	213.40	216.89	211.51	1.105 times
26 Thu Sep 2024	212.62	215.00	215.89	211.20	0.81 times
25 Wed Sep 2024	214.84	216.20	218.45	212.68	0.763 times
24 Tue Sep 2024	216.10	218.00	220.50	214.02	0.987 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 204.1, but if it comes above 204.1, then a intra day buy could be more profitable.
If you take a sell trade below 204.1, then use 204.1 as stoploss and 192.2 as target. However if you take a buy trade in stock , then use 204.1 as stoploss and 214.04 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	171.25
Downside Target	184.00
Downside Target	193.66
Upside Target	202.76
Upside Target	207.10
Upside Target	216.00
Upside Target	221.75
Upside Target	224.40
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	188.07
Downside Intraday Target	179.06
Upside Intraday Target	204.42
Upside Intraday Target	211.76
Downside Intraday Target	195.41

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	197.07	201.50	202.76	186.41	0.808 times
04 Fri Oct 2024	199.32	215.41	216.50	197.01	0.82 times
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

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
08 Tue Oct 2024	197.07	212.60	216.00	186.41	0.119 times
30 Mon Sep 2024	211.46	214.00	236.60	207.10	1.161 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

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 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 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 mid to longer 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

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 and the sell signal is strong.

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 red color and prices are below the red 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 and the buying is gaining 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 205.2 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.