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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 2024-04-22 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 3734767

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	201.50	201.05	206.00	200.00	1.619 times
19 Fri Apr 2024	196.75	185.35	200.00	183.05	2.344 times
18 Thu Apr 2024	188.40	190.25	194.80	187.05	0.5 times
16 Tue Apr 2024	189.55	192.30	197.05	185.20	1.085 times
15 Mon Apr 2024	193.70	181.00	195.00	163.10	1.68 times
12 Fri Apr 2024	190.65	189.25	195.00	188.50	0.435 times
10 Wed Apr 2024	189.80	192.35	196.00	189.00	0.472 times
09 Tue Apr 2024	192.40	188.70	194.90	186.65	0.722 times
08 Mon Apr 2024	187.75	191.95	196.10	185.70	0.938 times
05 Fri Apr 2024	191.00	189.00	191.95	185.40	0.555 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 195.9, but if it comes below 195.9, then a intra day sell could be more profitable.
If you take a sell trade below 195.9, then use 195.9 as stoploss and 182.64 as target. However if you take a buy trade in stock , then use 195.9 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	163.10
Downside Target	176.80
Downside Target	182.60
Downside Target	192.00
Downside Target	196.10
Downside Target	200.00
Upside Target	204.40
Upside Target	206.00

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	199
Downside Intraday Target	196.5
Upside Intraday Target	205
Upside Intraday Target	208.5
Upside Intraday Target	202.5

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	201.50	201.05	206.00	200.00	0.289 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 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
22 Mon Apr 2024	201.50	183.75	206.00	163.10	0.828 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 stronger in this stock.

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 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 193.84 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.