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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 2024-12-17 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2115109

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	151.72	156.00	157.20	151.31	0.588 times
16 Mon Dec 2024	155.47	159.03	160.74	154.78	0.558 times
13 Fri Dec 2024	159.92	159.88	161.55	152.17	1.107 times
12 Thu Dec 2024	160.50	168.00	168.79	159.71	0.738 times
11 Wed Dec 2024	168.10	164.95	170.30	164.21	0.834 times
10 Tue Dec 2024	165.14	169.00	169.45	164.00	0.774 times
09 Mon Dec 2024	168.28	166.95	170.70	166.61	0.881 times
06 Fri Dec 2024	166.24	164.60	168.48	162.80	1.244 times
05 Thu Dec 2024	164.09	160.78	165.49	160.15	0.773 times
04 Wed Dec 2024	161.80	164.01	166.00	159.50	0.925 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 147.9 as stoploss in an intra day buy trade for a target of 156.09. However, stock will show a bearish move below 147.9.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	140.60
Downside Target	150.70
Upside Target	156.30
Upside Target	160.74
Upside Target	168.48
Upside Target	170.70
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	148.44
Downside Intraday Target	145.16
Upside Intraday Target	157.87
Upside Intraday Target	164.02
Upside Intraday Target	154.59

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	151.72	159.03	160.74	151.31	0.264 times
13 Fri Dec 2024	159.92	166.95	170.70	152.17	0.741 times
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

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
17 Tue Dec 2024	151.72	152.54	170.70	151.15	0.518 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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

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

Electrosteel Castings Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Electrosteel Castings in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 162.79 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.