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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 2024-10-10 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1410115

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	198.62	202.50	205.65	198.02	0.489 times
09 Wed Oct 2024	200.56	198.60	204.94	196.00	1.297 times
08 Tue Oct 2024	197.07	191.34	198.00	189.00	0.976 times
07 Mon Oct 2024	189.93	201.50	202.76	186.41	1.788 times
04 Fri Oct 2024	199.32	205.95	206.59	197.01	1.09 times
03 Thu Oct 2024	205.55	210.00	211.48	203.87	1.195 times
01 Tue Oct 2024	212.77	212.60	216.00	212.29	0.502 times
30 Mon Sep 2024	211.46	215.41	216.50	210.60	0.636 times
27 Fri Sep 2024	215.64	213.40	216.89	211.51	1.038 times
26 Thu Sep 2024	212.62	215.00	215.89	211.20	0.761 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 201.6, but if it comes above 201.6, then a intra day buy could be more profitable.
If you take a sell trade below 201.6, then use 201.6 as stoploss and 188.7 as target. However if you take a buy trade in stock , then use 201.6 as stoploss and 212.28 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	205.65
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	188.14
Downside Intraday Target	177.65
Upside Intraday Target	207.38
Upside Intraday Target	216.13
Downside Intraday Target	196.89

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	198.62	201.50	205.65	186.41	1.329 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
10 Thu Oct 2024	198.62	212.60	216.00	186.41	0.158 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 202.52 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.