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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 3153138

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	196.75	185.35	200.00	183.05	2.776 times
18 Thu Apr 2024	188.40	190.25	194.80	187.05	0.592 times
16 Tue Apr 2024	189.55	192.30	197.05	185.20	1.285 times
15 Mon Apr 2024	193.70	181.00	195.00	163.10	1.99 times
12 Fri Apr 2024	190.65	189.25	195.00	188.50	0.515 times
10 Wed Apr 2024	189.80	192.35	196.00	189.00	0.559 times
09 Tue Apr 2024	192.40	188.70	194.90	186.65	0.855 times
08 Mon Apr 2024	187.75	191.95	196.10	185.70	1.111 times
05 Fri Apr 2024	191.00	189.00	191.95	185.40	0.658 times
04 Thu Apr 2024	190.00	184.00	192.00	182.20	1.504 times

Stock of Electrosteel Castings (ELECTCAST) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 194.5, but if it comes below 194.5, then a intra day sell could be more profitable.
If you take a sell trade below 194.5, then use 194.5 as stoploss and 179.99 as target. However if you take a buy trade in stock , then use 194.5 as stoploss and 211.9 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	106.00
Downside Target	119.25
Downside Target	136.45
Downside Target	145.05
Downside Target	163.10
Downside Target	176.80
Downside Target	182.60
Downside Target	185.70
Downside Target	192.00
Downside Target	196.10
Upside Target	200.00
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	173.23
Downside Intraday Target	149.72
Upside Intraday Target	210.13
Upside Intraday Target	223.52
Downside Intraday Target	186.62

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	163.75	158.15	166.60	145.05	0.384 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	196.75	183.75	200.00	163.10	0.728 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 losing momentum.

MACD generated a BUY signal for Electrosteel Castings in short term and the buy 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 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 moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 192.11 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.