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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 2024-10-09 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1357874

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	200.56	198.60	204.94	196.00	1.347 times
08 Tue Oct 2024	197.07	191.34	198.00	189.00	1.014 times
07 Mon Oct 2024	189.93	201.50	202.76	186.41	1.857 times
04 Fri Oct 2024	199.32	205.95	206.59	197.01	1.132 times
03 Thu Oct 2024	205.55	210.00	211.48	203.87	1.241 times
01 Tue Oct 2024	212.77	212.60	216.00	212.29	0.522 times
30 Mon Sep 2024	211.46	215.41	216.50	210.60	0.661 times
27 Fri Sep 2024	215.64	213.40	216.89	211.51	1.078 times
26 Thu Sep 2024	212.62	215.00	215.89	211.20	0.79 times
25 Wed Sep 2024	214.84	216.20	218.45	212.68	0.744 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 202.8, but if it comes above 202.8, then a intra day buy could be more profitable.
If you take a sell trade below 202.8, then use 202.8 as stoploss and 190.5 as target. However if you take a buy trade in stock , then use 202.8 as stoploss and 213.04 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	204.94
Upside Target	216.00
Upside Target	216.50
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	189.67
Downside Intraday Target	178.77
Upside Intraday Target	208.2
Upside Intraday Target	215.83
Downside Intraday Target	197.3

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	200.56	201.50	204.94	186.41	1.186 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 up 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
09 Wed Oct 2024	200.56	212.60	216.00	186.41	0.147 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 but buying is losing 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 203.59 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.