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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 5919322

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	112.95	118.45	118.45	109.00	0.763 times
30 Thu Nov 2023	117.70	115.75	118.70	115.15	2.04 times
29 Wed Nov 2023	115.20	114.50	116.70	113.25	0.698 times
28 Tue Nov 2023	113.85	112.70	115.25	112.65	0.796 times
24 Fri Nov 2023	112.00	108.95	113.70	107.10	0.941 times
23 Thu Nov 2023	108.30	111.45	111.50	106.95	0.605 times
22 Wed Nov 2023	111.00	107.90	114.50	107.85	1.288 times
21 Tue Nov 2023	107.90	105.80	109.40	105.80	0.663 times
20 Mon Nov 2023	105.30	107.15	107.15	103.90	0.652 times
17 Fri Nov 2023	106.55	109.85	110.70	105.65	0.95 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 113.7 as stoploss in an intra day sell trade for a target of 104.92. However, stock will show a bullish move above 113.7.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	56.10
Downside Target	60.10
Downside Target	70.55
Downside Target	73.70
Downside Target	82.55
Downside Target	89.60
Downside Target	92.95
Downside Target	97.25
Downside Target	103.90
Downside Target	109.00
Upside Target	113.55
Upside Target	114.50
Upside Target	118.45
Upside Target	118.70

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	108.4
Downside Intraday Target	103.85
Upside Intraday Target	118.1
Upside Intraday Target	123.25
Upside Intraday Target	113.55

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Dec 2023	112.95	112.70	118.70	109.00	1.036 times
24 Fri Nov 2023	112.00	107.15	114.50	103.90	0.424 times
17 Fri Nov 2023	106.55	98.00	113.55	97.25	0.898 times
10 Fri Nov 2023	96.15	91.40	99.15	90.20	1.686 times
03 Fri Nov 2023	90.00	84.10	92.95	82.55	1.263 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
01 Fri Dec 2023	112.95	118.45	118.45	109.00	0.023 times
30 Thu Nov 2023	117.70	85.25	118.70	82.55	1.205 times
31 Tue Oct 2023	84.85	71.00	89.60	70.55	1.846 times
29 Fri Sep 2023	71.15	68.45	73.70	60.10	0.643 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 positive zone. This is a BUY 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 112.03 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 positive

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