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Stock analysis Electrosteel Castings Limited ELECTCAST

More indepth analysis on MunafaSutra.com

Moving Averages for Electrosteel Castings Limited

  • 5Day Average: 198.81
  • 12Day Average: 194.08
  • 20Day Average: 187.81
  • 50Day Average: 174.03
  • 100Day Average: 153.08
  • 150Day Average: 130.48
  • 200Day Average: 113.21

ELECTCAST Indicators & signals

Indicator MACD (12,26,9)

193.75, 184.65, 7.86
Indicator MACD is in positive zone

Indicator ADX (14)

7.8, 21.35, 18.26
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ELECTCAST Electrosteel Castings Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Wed Apr 2024 203.10 200.60 to 207.20 -0.59% 0.4 times
23 Tue Apr 2024 204.30 200.50 to 208.00 1.39% 0.64 times
22 Mon Apr 2024 201.50 200.00 to 206.00 2.41% 1.55 times
19 Fri Apr 2024 196.75 183.05 to 200.00 4.43% 2.24 times
18 Thu Apr 2024 188.40 187.05 to 194.80 -0.61% 0.48 times
16 Tue Apr 2024 189.55 185.20 to 197.05 -2.14% 1.04 times
15 Mon Apr 2024 193.70 163.10 to 195.00 1.6% 1.61 times
12 Fri Apr 2024 190.65 188.50 to 195.00 0.45% 0.42 times
10 Wed Apr 2024 189.80 189.00 to 196.00 -1.35% 0.45 times
09 Tue Apr 2024 192.40 186.65 to 194.90 2.48% 0.69 times
08 Mon Apr 2024 187.75 185.70 to 196.10 -1.7% 0.9 times
05 Fri Apr 2024 191.00 185.40 to 191.95 0.53% 0.53 times

Technical analysis forecast of Electrosteel Castings Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Electrosteel Castings Limited ELECTCAST at this time. Stock is rising and might rise more.

It appears as if Electrosteel Castings Limited ELECTCAST gave a large move recently.

Stock of Electrosteel Castings Limited (ELECTCAST) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Electrosteel Castings Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Electrosteel Castings Limited stays above 197.9, but if it comes below 197.9, then a intra day sell could be more profitable.
If you take a sell trade below 197.9, then use 197.9 as stoploss and 188 as target. However if you take a buy trade in Electrosteel Castings Limited, then use 197.9 as stoploss and 209.9 as target.

More indepth analysis on MunafaSutra.com