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Electrosteel Castings Share Price Target - Tomorrow, Next Week & Next Month
Electrosteel Castings Limited | |||
 | Symbol: ELECTCAST | ||
| Price: ₹160.88 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Electrosteel Castings Recent Performance
- 2: Chart: Electrosteel Castings Share Price Target - Tomorrow
- 3: Table: Electrosteel Castings Share Price Target - Tomorrow
- 4: Summary: Electrosteel Castings Share Price Prediction For Tomorrow
- 5: Chart: Electrosteel Castings Share Price Target - Next Week
- 6: Table: Electrosteel Castings Share Price Target - Next Week
- 7: Summary: Electrosteel Castings Share Price Prediction For Next Week
- 8: Chart: Electrosteel Castings Share Price Target - Next Month
- 9: Table: Electrosteel Castings Share Price Target - Next Month
- 10: Summary: Electrosteel Castings Share Price Prediction For Next Month
Electrosteel Castings Recent Performance
Over the past 26 trading days, the value of Electrosteel Castings's stock has decreased by ₹39.06 (-19.53%). On 25 Apr 2024, one share was worth ₹199.95 and by 31 May 2024, the value dropped to ₹160.89. During this period it created a highest high of ₹204.39 and lowest low of ₹155.05.
Below Image represents line chart of daily close price of Electrosteel Castings, helping you visualize how the price has changed day by day.
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Chart: Electrosteel Castings Share Price Target - Tomorrow
The line chart displays the Electrosteel Castings daily closing prices for the past 26 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Electrosteel Castings shares for Fri 31 May 2024, see the table below.
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Table: Electrosteel Castings Share Price Target - Tomorrow
By analyzing Electrosteel Castings stock with yesterday and past crucial price points and technical indicators we derived following targets for: Mon, 03 Jun, 2024!
| Electrosteel Castings's Levels | Value | Reason/Importance |
|---|---|---|
| Tomorrow Target 3 | 167.00 (+3.79%) | Price Action: 23 May 2024 Low |
| Tomorrow Target 2 | 165.25 (+2.7%) | Fibonacci Extension Level 138.2% |
| Tomorrow Target 1 | 163.00 (+1.31%) | Price Action: May 2024 High |
| Current Price | 160.89 | Electrosteel Castings's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 160.05 (-0.53%) | Fibonacci Retracement Level 50% |
| Stop Loss 2 | 159.35 (-0.96%) | Fibonacci Retracement Level 61.8% |
| Stop Loss 3 | 158.36 (-1.58%) | Fibonacci Retracement Level 78.6% |
Summary: Electrosteel Castings Share Price Prediction For Tomorrow
Fri 31 May 2024: Electrosteel Castings finished the day at ₹160.89, gaining ₹3.70 (+2.35%) in 1 day.
In summary, our analysis of Electrosteel Castings for tomorrow predicts a rise of 1.31% to 3.79% with three potential targets T1: ₹163.00, T2: ₹165.25, T3: ₹167.00 and Stop-Loss (SL) at SL1: ₹160.05, SL2: ₹159.35, SL3: ₹158.36.
Additionally, we've identified a support level at ₹157.10 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹163.00, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.
Over the last 26 trading days, the stock has dropped -19.53%, indicating it could be a excellent option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 204.39 and 155.05.
After looking at tomorrow's share price prediction, let's now check what next week might hold for Electrosteel Castings.
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Chart: Electrosteel Castings Share Price Target - Next Week
The chart displays the Electrosteel Castings weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.
For detailed target and stop loss values for Electrosteel Castings shares for next week, see the table below.
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Table: Electrosteel Castings Share Price Target - Next Week
By analyzing Electrosteel Castings stock with yesterday and past crucial price points and technical indicators we derived following targets for the next week!
| Electrosteel Castings's Levels | Value | Reason/Importance |
|---|---|---|
| Next Week Target 3 | 168.67 (+4.83%) | Technical Indicator: MA100 |
| Next Week Target 2 | 167.00 (+3.79%) | Price Action: 23 May 2024 Low |
| Next Week Target 1 | 165.30 (+2.74%) | Price Action: 10 May 2024 Low |
| Current Price | 160.89 | Electrosteel Castings's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 159.52 (-0.86%) | Price Action: Chart |
| Stop Loss 2 | 157.10 (-2.36%) | Price Action: May 2024 Low |
| Stop Loss 3 | 155.32 (-3.47%) | Fibonacci Retracement Level 98.6% |
Summary: Electrosteel Castings Share Price Prediction For Next Week
As of Fri 31 May 2024, Electrosteel Castings share price stands at ₹160.89, losing ₹-5.81 (-3.49%) in this week.
In summary, our analysis of Electrosteel Castings for next week predicts a rise of 2.74% to 4.83% with three potential targets T1: ₹165.30, T2: ₹167.00, T3: ₹168.67 and Stop-Loss (SL) at SL1: ₹159.52, SL2: ₹157.10, SL3: ₹155.32.
Additionally, we've identified a support level at ₹155.05 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹173.14, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Electrosteel Castings.
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Chart: Electrosteel Castings Share Price Target - Next Month
The chart displays the Electrosteel Castings monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.
For detailed target and stop loss values for Electrosteel Castings shares for next month, see the table below.
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Table: Electrosteel Castings Share Price Target - Next Month
By analyzing Electrosteel Castings stock with yesterday and past crucial price points and technical indicators we derived following targets for Next Month!
| Electrosteel Castings's Levels | Value | Reason/Importance |
|---|---|---|
| Next Month Target 3 | 174.30 (+8.33%) | Price Action: 13 May 2024 High |
| Next Month Target 2 | 172.53 (+7.23%) | Custom Fibonacci Extension Lvl 23.6% |
| Next Month Target 1 | 170.70 (+6.09%) | Price Action: 21 May 2024 Low |
| Current Price | 160.89 | Electrosteel Castings's 1 share price as of Fri 31 May 2024 |
| Stop Loss 1 | 157.10 (-2.36%) | Price Action: May 2024 Low |
| Stop Loss 2 | 155.05 (-3.63%) | Price Action: 30 May 2024 Low |
| Stop Loss 3 | 152.26 (-5.37%) | Price Action: Chart |
Summary: Electrosteel Castings Share Price Prediction For Next Month
As of Fri 31 May 2024, Electrosteel Castings share price stands at ₹160.89, losing ₹-31.75 (-16.48%) in this month.
In summary, our analysis of Electrosteel Castings for next month predicts a rise of 6.09% to 8.33% with three potential targets T1: ₹170.70, T2: ₹172.53, T3: ₹174.30 and Stop-Loss (SL) at SL1: ₹157.10, SL2: ₹155.05, SL3: ₹152.26.
Additionally, we've identified a support level at 157.10 — think of this as a safety net where the price might stop falling and there's also a resistance level at 204.39, which is like a ceiling at which the price might have a hard time breaking through.
After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Electrosteel Castings, we created a specific page for that check here: Electrosteel Castings Share Price target for 2024 and 2025
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As we wrap up, we hope you like our study on Electrosteel Castings short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Electrosteel Castings Share Price History
- Electrosteel Castings Price Long Term Target
- Electrosteel Castings Dividend History
- Electrosteel Castings Bonus History
- Electrosteel Castings Split History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
