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(ElecCasting) Elec Casting complete technical analysis [charts+indicators] | Buy/Sell Elec Casting | (ElecCasting) share price targets

Complete technical analysis of Elec Casting (ElecCasting) by charts plus indicators, forecast predictions and share price targets for Elec Casting (ElecCasting)

Showing technical analysis as on 2021-09-16 View latest technical analysis

10 day averaged volume of Elec Casting is 201610

Date Daily Closing Price Open High Low Volume
16 Thu Sep 2021 39.65 40.00 40.60 39.45 0.449 times
15 Wed Sep 2021 40.10 39.90 41.75 39.75 0.924 times
14 Tue Sep 2021 39.80 41.45 41.45 39.35 1.207 times
13 Mon Sep 2021 40.85 40.50 44.20 40.35 3.202 times
09 Thu Sep 2021 39.95 40.00 40.25 38.35 1.508 times
08 Wed Sep 2021 38.65 36.00 38.90 35.80 1.491 times
07 Tue Sep 2021 35.95 35.35 36.50 35.10 0.498 times
06 Mon Sep 2021 35.20 35.70 36.05 35.05 0.15 times
03 Fri Sep 2021 35.45 35.60 35.65 35.10 0.246 times
02 Thu Sep 2021 35.50 35.55 36.10 35.15 0.499 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.8, but if it comes below 38.8, then a intra day sell could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 36.74 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 41.4 as target.

Share price targets for Elec Casting (ElecCasting)

Target Type Value
Downside Target 31.10
Downside Target 32.90
Downside Target 35.05
Downside Target 36.25
Downside Target 37.00
Downside Target 39.35
Upside Target 39.90
Upside Target 40.25
Upside Target 40.50
Upside Target 41.60
Upside Target 44.20

Intraday share price targets for Elec Casting (ElecCasting)

Target Type Value
Downside Intraday Target 37.93
Downside Intraday Target 36.22
Upside Intraday Target 42.78
Upside Intraday Target 45.92
Upside Intraday Target 41.07

Weekly technical analysis of Elec Casting (ElecCasting)

Date Weekly Closing Price Open High Low Volume
16 Thu Sep 2021 39.65 40.50 44.20 39.35 1.585 times
09 Thu Sep 2021 39.95 35.70 40.25 35.05 3.021 times
03 Fri Sep 2021 35.45 35.20 36.25 35.05 0.572 times
27 Fri Aug 2021 35.10 35.40 37.00 32.90 0.83 times
20 Fri Aug 2021 34.95 36.90 40.50 33.30 0.961 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elec Casting (ElecCasting)

Date Monthly Closing Price Open High Low Volume
16 Thu Sep 2021 39.65 35.95 44.20 35.05 0.89 times
31 Tue Aug 2021 35.55 39.00 41.60 32.90 1.01 times
30 Fri Jul 2021 38.35 37.90 39.90 35.45 0.648 times
30 Wed Jun 2021 37.20 32.15 40.25 31.40 1.512 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 Elec Casting (ElecCasting)

Indicator Name Indicator Value Indicator Signal
ADX 38, 13, 50 Buy
MACD 2, 1Buy
Stochastics 52None
CCI 52Sell
RSI 56Buy
OBV 860181Sell
VWAP 39Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

Price action analysis of Elec Casting ( (ElecCasting) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elec Casting ( (ElecCasting) ) 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 Elec Casting ( (ElecCasting) ) 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 Elec Casting ( (ElecCasting) ) 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 Elec Casting stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elec Casting 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.

Elec Casting Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elec Casting in short term but SELL signal is weak.

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

Stock of Elec Casting is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.43 and Elec Casting (ElecCasting) 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 Elec Casting (ElecCasting) stock. Volume based technical analysis of Elec Casting (ElecCasting) stock is negative.

Elec Casting Stock is giving positive 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.

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Daily charts

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Daily chart

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