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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 2024-12-31 View latest technical analysis

10 day averaged volume of Electrosteel Castings is 1342142

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	139.29	135.00	139.90	134.10	0.749 times
30 Mon Dec 2024	135.50	138.69	139.05	134.71	0.656 times
27 Fri Dec 2024	138.69	138.00	139.80	137.74	0.578 times
26 Thu Dec 2024	137.76	140.14	140.65	137.05	0.623 times
24 Tue Dec 2024	139.66	139.40	141.54	138.31	0.602 times
23 Mon Dec 2024	138.57	143.38	147.80	137.12	1.808 times
20 Fri Dec 2024	141.71	147.99	149.59	141.01	1.683 times
19 Thu Dec 2024	147.18	146.10	151.99	145.81	1.325 times
18 Wed Dec 2024	151.41	152.20	154.44	151.00	0.919 times
17 Tue Dec 2024	151.72	156.00	157.20	151.31	0.926 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 141.1, but if it comes above 141.1, then a intra day buy could be more profitable.
If you take a sell trade below 141.1, then use 141.1 as stoploss and 127.2 as target. However if you take a buy trade in stock , then use 141.1 as stoploss and 152.71 as target.

Share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Target	134.10
Downside Target	137.05
Upside Target	139.90
Upside Target	147.80
Upside Target	151.15
Upside Target	160.74
Upside Target	168.48
Upside Target	171.94
Upside Target	193.66
Upside Target	207.10
Upside Target	216.00
Upside Target	226.80
Upside Target	236.60

Intraday share price targets for Electrosteel Castings (ELECTCAST)

Target Type	Value
Downside Intraday Target	135.63
Downside Intraday Target	131.96
Upside Intraday Target	141.43
Upside Intraday Target	143.56
Downside Intraday Target	137.76

Weekly technical analysis of Electrosteel Castings (ELECTCAST)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	139.29	138.69	139.90	134.10	0.389 times
27 Fri Dec 2024	138.69	143.38	147.80	137.05	0.63 times
20 Fri Dec 2024	141.71	159.03	160.74	141.01	0.839 times
13 Fri Dec 2024	159.92	166.95	170.70	152.17	0.741 times
06 Fri Dec 2024	166.24	152.54	168.48	151.15	1.314 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
31 Tue Dec 2024	139.29	152.54	170.70	134.10	0.777 times
29 Fri Nov 2024	152.57	164.76	171.94	140.60	1.025 times
31 Thu Oct 2024	164.76	212.60	216.00	161.42	0.687 times
30 Mon Sep 2024	211.46	214.00	236.60	207.10	1.161 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Electrosteel Castings ( (ELECTCAST) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

MACD generated a SELL signal for Electrosteel Castings in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling 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 142.56 and Electrosteel Castings (ELECTCAST) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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