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Stock analysis Electrosteel Castings Limited ELECTCAST

More indepth analysis on MunafaSutra.com

Moving Averages for Electrosteel Castings Limited

  • 5Day Average: 182.12
  • 12Day Average: 178.08
  • 20Day Average: 172.99
  • 50Day Average: 175.15
  • 100Day Average: 174.4
  • 150Day Average: 159.23
  • 200Day Average: 140.25

ELECTCAST Indicators & signals

Indicator MACD (12,26,9)

178.9, 175.04, 1.8
Indicator MACD is in positive zone

Indicator ADX (14)

25.19, 26.78, 16
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
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
03 Wed Jul 2024 185.75 184.20 to 190.34 -1.69% 0.8 times
02 Tue Jul 2024 188.94 184.60 to 195.00 0.22% 1.64 times
01 Mon Jul 2024 188.52 171.25 to 191.28 8.69% 2.13 times
28 Fri Jun 2024 173.44 171.36 to 177.68 -0.29% 0.31 times
27 Thu Jun 2024 173.94 172.86 to 181.00 -1.65% 0.47 times
26 Wed Jun 2024 176.85 175.61 to 182.60 -0.54% 0.51 times
25 Tue Jun 2024 177.81 177.10 to 183.80 -1.24% 0.41 times
24 Mon Jun 2024 180.04 176.51 to 184.00 1.01% 0.78 times
21 Fri Jun 2024 178.24 174.95 to 182.00 0.37% 1.43 times
20 Thu Jun 2024 177.58 165.01 to 178.90 7.24% 1.79 times
19 Wed Jun 2024 165.59 165.00 to 171.39 -2.71% 0.51 times
18 Tue Jun 2024 170.21 169.75 to 175.75 -1.1% 0.56 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 184.7, but if it comes below 184.7, then a intra day sell could be more profitable.
If you take a sell trade below 184.7, then use 184.7 as stoploss and 176.03 as target. However if you take a buy trade in Electrosteel Castings Limited, then use 184.7 as stoploss and 195.2 as target.

More indepth analysis on MunafaSutra.com