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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 2024-04-08 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 2813584

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	187.75	191.95	196.10	185.70	1.245 times
05 Fri Apr 2024	191.00	189.00	191.95	185.40	0.737 times
04 Thu Apr 2024	190.00	184.00	192.00	182.20	1.685 times
03 Wed Apr 2024	182.50	180.65	186.60	180.20	1.044 times
02 Tue Apr 2024	180.95	182.00	185.00	178.45	0.625 times
01 Mon Apr 2024	181.30	183.75	184.90	180.00	0.669 times
28 Thu Mar 2024	178.20	179.10	182.60	175.75	0.604 times
27 Wed Mar 2024	177.90	177.75	180.90	174.00	0.739 times
26 Tue Mar 2024	172.70	164.50	179.20	164.00	2.005 times
22 Fri Mar 2024	163.75	157.60	166.60	156.75	1.114 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 182.4, but if it comes below 182.4, then a intra day sell could be more profitable.
If you take a sell trade below 182.4, then use 182.4 as stoploss and 166.92 as target. However if you take a buy trade in stock , then use 182.4 as stoploss and 200.9 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	164.00
Downside Target	176.80
Downside Target	182.60
Downside Target	185.70
Upside Target	192.00
Upside Target	196.10
Upside Target	204.40

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	183.6
Downside Intraday Target	179.45
Upside Intraday Target	194
Upside Intraday Target	200.25
Upside Intraday Target	189.85

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	187.75	191.95	196.10	185.70	0.262 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
15 Fri Mar 2024	155.60	165.90	166.80	136.45	3.473 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
08 Mon Apr 2024	187.75	183.75	196.10	178.45	0.28 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 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 gaining 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 coming down

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 180.32 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.