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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 2024-11-06 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2318247

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	168.87	166.49	170.20	164.51	0.526 times
05 Tue Nov 2024	164.30	164.80	166.92	162.82	0.786 times
04 Mon Nov 2024	164.30	171.94	171.94	162.30	0.601 times
01 Fri Nov 2024	170.14	164.76	171.23	164.76	0.352 times
31 Thu Oct 2024	164.76	169.00	170.00	162.44	2.103 times
30 Wed Oct 2024	176.59	175.00	179.75	172.50	1.055 times
29 Tue Oct 2024	174.38	171.05	178.00	170.21	0.677 times
28 Mon Oct 2024	169.92	171.99	174.34	167.41	1.027 times
25 Fri Oct 2024	170.54	169.20	171.70	161.42	1.156 times
24 Thu Oct 2024	167.82	171.89	173.15	166.65	0.522 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 165.4 as stoploss in an intra day buy trade for a target of 179.73. However, stock will show a bearish move below 165.4.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	161.42
Upside Target	171.25
Upside Target	179.75
Upside Target	186.41
Upside Target	193.66
Upside Target	205.65
Upside Target	207.10
Upside Target	209.00
Upside Target	216.00
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	163.47
Downside Intraday Target	158.06
Upside Intraday Target	173.11
Upside Intraday Target	177.34
Downside Intraday Target	167.7

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	168.87	171.94	171.94	162.30	0.367 times
01 Fri Nov 2024	170.14	171.99	179.75	162.44	0.738 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

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
06 Wed Nov 2024	168.87	164.76	171.94	162.30	0.116 times
31 Thu Oct 2024	164.76	212.60	216.00	161.42	0.687 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

Scroll below to view daily charts

Price has moved up 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.

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

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 SELL signal in short term but selling is losing 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 168.85 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.