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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 2024-12-06 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2052874

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	166.24	164.60	168.48	162.80	1.281 times
05 Thu Dec 2024	164.09	160.78	165.49	160.15	0.796 times
04 Wed Dec 2024	161.80	164.01	166.00	159.50	0.953 times
03 Tue Dec 2024	163.19	153.40	163.95	153.00	2.232 times
02 Mon Dec 2024	152.46	152.54	155.50	151.15	0.763 times
29 Fri Nov 2024	152.57	153.90	154.55	151.20	0.594 times
28 Thu Nov 2024	153.92	153.40	156.30	152.42	1.117 times
27 Wed Nov 2024	153.20	144.50	153.70	143.25	1.428 times
26 Tue Nov 2024	144.07	145.25	147.10	142.41	0.732 times
25 Mon Nov 2024	144.93	150.10	151.51	144.00	0.716 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 169.7, for a target of 160 or 151.88

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	140.60
Downside Target	149.00
Downside Target	154.49
Downside Target	161.42
Upside Target	168.48
Upside Target	171.94
Upside Target	193.66
Upside Target	207.10
Upside Target	216.00
Upside Target	226.80
Upside Target	236.60

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	155.43
Downside Intraday Target	144.63
Upside Intraday Target	172.76
Upside Intraday Target	179.29
Downside Intraday Target	161.96

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	166.24	152.54	168.48	151.15	1.314 times
29 Fri Nov 2024	152.57	150.10	156.30	142.41	1.426 times
22 Fri Nov 2024	144.93	146.09	150.70	140.90	0.389 times
14 Thu Nov 2024	144.28	151.15	154.49	140.60	1.362 times
08 Fri Nov 2024	151.12	171.94	171.94	149.00	1.031 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
06 Fri Dec 2024	166.24	152.54	168.48	151.15	0.267 times
29 Fri Nov 2024	152.57	164.76	171.94	140.60	1.025 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

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 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Electrosteel Castings in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Electrosteel Castings in short term and BUY signal is strong.

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 157.26 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 rising upwards.

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 is giving positive 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.