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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 2024-10-30 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2407340

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	176.59	175.00	179.75	172.50	1.016 times
29 Tue Oct 2024	174.38	171.05	178.00	170.21	0.652 times
28 Mon Oct 2024	169.92	171.99	174.34	167.41	0.989 times
25 Fri Oct 2024	170.54	169.20	171.70	161.42	1.113 times
24 Thu Oct 2024	167.82	171.89	173.15	166.65	0.502 times
23 Wed Oct 2024	169.64	163.15	177.00	162.34	1.659 times
22 Tue Oct 2024	163.15	184.24	184.27	162.15	2.93 times
21 Mon Oct 2024	184.27	191.98	193.72	183.30	0.599 times
18 Fri Oct 2024	190.86	193.59	194.75	189.40	0.6 times
17 Thu Oct 2024	194.45	199.90	200.89	193.35	0.344 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 173.9 as stoploss in an intra day buy trade for a target of 187.73. However, stock will show a bearish move below 173.9.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	135.00
Downside Target	161.42
Downside Target	167.41
Downside Target	171.25
Upside Target	179.75
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	169.42
Downside Intraday Target	162.24
Upside Intraday Target	181.76
Upside Intraday Target	186.92
Downside Intraday Target	174.58

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	176.59	171.99	179.75	167.41	0.39 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 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
30 Wed Oct 2024	176.59	212.60	216.00	161.42	0.613 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 171.71 and Electrosteel Castings (ELECTCAST) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.