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ELECTROSTEEL CASTINGS LTDELECTROSTEEL CASTINGS LTDELECTROSTEEL CASTINGS LTD

ELECTROSTEEL CASTINGS LTD

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ELECTCAST trade ideas

ELECTROSTEEL CASTINGS LTD@ELECTROSTEEL CASTING LTD Price Breakout after long time(2008) with volume on weekly chart Technical RSI-Above 50 RS- Positive Super Trend-Positive Fundamental Revenue-Good(Qtrly Basis) EBITDA Margin- 10% to 15% GP Margin-30% to 40% PE-16(Below Sector PE 28) D/E- 0.6( below 1) Interest coverage ratio-2.45 time of Ebit Strategy-Buy on Dip Stop Loss- 2008 High(101 near about) or Super trend(weekly Basis) Disclaimer-this analysis only for education purpose. Not recommendation any sell or buy
BSE:ELECTCASTLong
by sudhanshupaliwal50
2
ELECTCAST bullish; above 200 ? - Monday 22-Apr. The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday. "High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:ELECTCASTLong
by JJ_Breakouts
2
Multi year breakout of 15 years with good volumesThe stock recently experienced a significant multi-year breakout, marking a notable event after 15 years. What adds to the significance is the good volume accumulation observed before the breakout, indicating substantial market interest and potential buying activity. This combination of a lengthy multi-year breakout and volume accumulation suggests a strong and well-supported bullish move in the stock. Traders and investors may find these technical signals compelling, indicating the potential for sustained upward momentum.
NSE:ELECTCASTLong
by nsdtrading
ELECTCAST LONGLets analyse a stock with wyckoffian 3rd law ..... ..........Volume is the EFFORT and Spread (Price) is the RESULT ............. someone just looking at only price and ignoring ........VOLUME ............ HALF the data thats available for analysis Wyckoffian 3rd Law also gives importance to HARMONY ( small spread and small volume) .................. ANAMOLY ( small spread with large volume or large spread with small volume ) ...... both are important when we analyse the chart and activity of the COMPOSITE MAN candle 1 and 5 is harmony and candle 2,3 ,4 are ANAMOLY candle 1 ... large volume high range candle with breakout , candle 2 was low range but high volume ....... price had a pause for few days ... , candle 3 high range and low volume candle ... manipulation by composite man to shake out weak hands candle 4 ..... high range candle with low volume ....candle 5 ..... again the smart money checking the easy of movement and could get a high range candle with less volume(Less EFFORT ) compared to the breakout volume ....... stock is ready to be marked up once we understand this Target 1 reached .. calculated by fibonacci extension tool target 2 can also be calculated
NSE:ELECTCAST
by NareshBiyani99
ELECTCAST : Electrosteel Castings LtdElectrosteel Castings Ltd CMP : 60.60 1) Stock has broken out above crucial resistance zone and multi year highs 2) Price is consolidating since the last two months between the range of 55 to 65 3) A move above 65 - should generate strong momentum in share prices towards 95 and 105 levels 4) Overall long term structure is very pullish and stock should find support on pull-back between 59 to 61 zone 5) Weakness would extend its phase only below 53 Interesting Set-Up
NSE:ELECTCASTLong
by MehtaEquities
1
Electrosteel Castings Ltd - Cup and Handle formation .Electrosteel Castings is a pipeline solution provider engaged in the business of manufacturing ductile iron pipes , ductile iron fittings & cast iron pipes which have plants in Tamilnadu and Westbengal . Stock is a slow mover . Now its almost around 10 year high .Strong fixed asset valuation . Volume shocker with highest recovery from 52 week low. Debtor days are improving . A cup and handle formation is seen in the chart .Expecting the 100 levels soon .
NSE:ELECTCAST
by DevanNaayar
2
multibagger oppurtunity in ELECTCAST ?stock consolidating from 2007 in the range of about 10 to 50.Nowdays stock trading in between 50 to 65.If stock broke 65 and trading above it for long time then stock will give good return in long term.Wait for monthly closing of this stock.You can also take short term trade or intra-day trade above 63 rs in this stock...Target will updated soon... Caution:some time these chart patterns fail...trade with stop loss Follow us on TradingView we are not sebi registered.....post for educational purpose...
BSE:ELECTCASTLong
by Marathi_Investor