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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.

10 day averaged volume of Electrosteel Castings is 3636137

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	193.10	200.45	203.50	192.00	0.631 times
25 Thu Apr 2024	199.35	203.00	204.40	196.00	0.525 times
24 Wed Apr 2024	203.10	205.25	207.20	200.60	0.431 times
23 Tue Apr 2024	204.30	203.50	208.00	200.50	0.69 times
22 Mon Apr 2024	201.50	201.05	206.00	200.00	1.663 times
19 Fri Apr 2024	196.75	185.35	200.00	183.05	2.407 times
18 Thu Apr 2024	188.40	190.25	194.80	187.05	0.513 times
16 Tue Apr 2024	189.55	192.30	197.05	185.20	1.114 times
15 Mon Apr 2024	193.70	181.00	195.00	163.10	1.726 times
12 Fri Apr 2024	190.65	189.25	195.00	188.50	0.447 times

My analysis of stock is bullish for shortterm, and stock might move up till 198.3 or till 207.4. Use a stoploss of 190.61 and if this stock hits its stoploss, then it can fall down till 182.96

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	106.00
Downside Target	119.25
Downside Target	136.45
Downside Target	163.10
Downside Target	176.80
Downside Target	182.60
Downside Target	192.00
Upside Target	196.10
Upside Target	200.00
Upside Target	204.40
Upside Target	208.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	187.4
Downside Intraday Target	181.7
Upside Intraday Target	203.4
Upside Intraday Target	213.7
Upside Intraday Target	197.7

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	193.10	201.05	208.00	192.00	0.684 times
19 Fri Apr 2024	196.75	181.00	200.00	163.10	2.185 times
12 Fri Apr 2024	190.65	191.95	196.10	185.70	0.716 times
05 Fri Apr 2024	191.00	183.75	192.00	178.45	1.422 times
28 Thu Mar 2024	178.20	164.50	182.60	164.00	0.852 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
26 Fri Apr 2024	193.10	183.75	208.00	163.10	0.966 times
28 Thu Mar 2024	178.20	162.10	182.60	136.45	0.56 times
29 Thu Feb 2024	159.90	174.00	204.40	137.50	0.879 times
31 Wed Jan 2024	175.10	111.60	176.80	107.20	2.1 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Electrosteel Castings stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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 green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying 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 196.22 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.