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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 2024-10-28 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2247278

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	169.92	171.99	174.34	167.41	1.059 times
25 Fri Oct 2024	170.54	169.20	171.70	161.42	1.192 times
24 Thu Oct 2024	167.82	171.89	173.15	166.65	0.538 times
23 Wed Oct 2024	169.64	163.15	177.00	162.34	1.777 times
22 Tue Oct 2024	163.15	184.24	184.27	162.15	3.138 times
21 Mon Oct 2024	184.27	191.98	193.72	183.30	0.642 times
18 Fri Oct 2024	190.86	193.59	194.75	189.40	0.643 times
17 Thu Oct 2024	194.45	199.90	200.89	193.35	0.369 times
16 Wed Oct 2024	199.57	198.00	201.80	194.00	0.656 times
15 Tue Oct 2024	197.75	203.00	204.44	196.99	0.337 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 176.5, but if it comes above 176.5, then a intra day buy could be more profitable.
If you take a sell trade below 176.5, then use 176.5 as stoploss and 158.7 as target. However if you take a buy trade in stock , then use 176.5 as stoploss and 191.4 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	161.42
Downside Target	167.41
Upside Target	171.25
Upside Target	184.00
Upside Target	193.66
Upside Target	205.65
Upside Target	209.00
Upside Target	216.00
Upside Target	216.50
Upside Target	224.40
Upside Target	226.80
Upside Target	236.60

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	166.77
Downside Intraday Target	163.63
Upside Intraday Target	173.7
Upside Intraday Target	177.49
Upside Intraday Target	170.56

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	169.92	171.99	174.34	167.41	0.145 times
25 Fri Oct 2024	170.54	191.98	193.72	161.42	2.687 times
18 Fri Oct 2024	190.86	203.00	209.00	189.40	0.819 times
11 Fri Oct 2024	202.30	201.50	205.65	186.41	1.543 times
04 Fri Oct 2024	199.32	215.41	216.50	197.01	0.82 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
28 Mon Oct 2024	169.92	212.60	216.00	161.42	0.552 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 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 coming down

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

RSI is generating a SELL signal in short term but selling 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 173.63 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.