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...
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...
BUY - ELECTROSTEEL CASTINGS LTD CMP - Rs. 45 Target - 1: Rs. 63 Target - 2: Rs. 78 Target - 4: Rs. 95 . . Technicals - Cup and Handle Pattern BO . This is just a view by an expert analyst, please invest at your own risk. . Follow me for more!
ELECTCAST | Channel breakout + Flag setup - Looks potential for doubling in monthly time frame. CMP : 42 (Dip : 35) SL : 25 Target : 85
ELECTROSTEEL CAST showing signs of a medium up move. Entry - 42.20 Target 1 - 46.35 Target 2 - 50.15 SL - 37.55 Study the stock carefully & Trade responsibly.
A closing above 44.70 will be a multi year breakout on bigger charts (Monthly timeframe). Volume increase is also supportive, and looks like this stock is ready to crack 2018 highs when mid cap and small cap melt down happened, that’s why this breakout is a significant breakout. One can go long at CMP, keep a SL of closing on 37 on weekly basis and expect a target...
According to chart anylasis its make inverted head and shoulder chart pattern. If it brak 47 then we can buy with 60 to 70 target. Trade for 4 to 5 week.
After recent breakout and forming a high according to fib retracement it came back between 50% and 61.8% level, which is good buyzone.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
As seen from the chart, stock has formed a good base with four bottoms, & is ready for upside only once 37.85 is taken out. Targets and stop loss are mentioned in the chart itself. All the best. Please keep in mind your money management before entering any trade, & always enter the SL first. Happy trading. :))
The stock has hit its 2009 level with some good volumes . ITs worth entering a Positional setup with sl at 39 . Risk 10%. The stock is still in 20% circuit limit and possibility remains for upper freeze today. Time Frame 1-3 months
NSE:ELECTCAST Market already take support on the support line and shown a green candle with standard volume. So you can take long position for now in this stock and the profit target will be the resistance line.
ENTER ONLY IF BREAKOUT IS GIVEN WITH GOOD VOLUMES DISCLAIMER:- I'm not a SEBI registered research analyst or investment adviser. All stocks & information given is for educational purpose only. Consult with your financial advisor before taking the trade on my views given here.
in this chat its an uptrend in 4h so it will breakout so go for sell nd look the 15min chart it is an channel pattern so we will go for sell @shobitchoudhary_2006
Interesting Setup - Can be considered as Commodity Cycle is On
On weekly chart, Stock is near important resistance. Its also taking resistance at trendline. Trend is good, One can buy now and add on dips to 26 SL close below 22.5