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ELECTROSL_BE NEWS why is Electrosteel Steels Ltd price falling or rising

ELECTROSL_BE NEWS reasons for why stock price of Electrosteel Steels Ltd is falling or rising

ELECTROSL_BE Electrosteel Steels is falling or rising technical reasons

Technical analysis forecast for Electrosteel Steels Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Electrosteel Steels ELECTROSL_BE at this time. Stock is falling and might fall more.

It appears as if Electrosteel Steels ELECTROSL_BE gave a large move recently.

Stock of Electrosteel Steels (ELECTROSL_BE) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Electrosteel Steels is bearish for shortterm, and stock might move down till 28 or till 21.4. Use a stoploss of 33.52 and if the stock hits stoploss, then it can shoot up till 39.01

ELECTROSL_BE Electrosteel Steels is falling or rising NEWS fundamental reasons

More announcements and NEWS

ELECTROSL_BE Electrosteel Steels Ltd current price & indicator signals

Moving Averages for Electrosteel Steels Ltd

  • 5Day Average: 34.4
  • 12Day Average: 37.94
  • 20Day Average: 34.57
  • 50Day Average: 25.01
  • 100Day Average: 17.35

ELECTROSL_BE Indicators & signals

Indicator MACD (12,26,9)

35.17, 32.04, 4.4
Indicator MACD is in positive zone

Indicator ADX (14)

2.1, 41.48, 39.77
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ELECTROSL_BE Electrosteel Steels Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Wed Dec 2018 31.00 31.00 to 31.00 -4.91% 0.89 times
11 Tue Dec 2018 32.60 32.60 to 32.60 -4.96% 0.75 times
10 Mon Dec 2018 34.30 34.30 to 34.30 -4.99% 0.05 times
07 Fri Dec 2018 36.10 36.10 to 36.10 -5% 0.19 times
06 Thu Dec 2018 38.00 38.00 to 38.00 -4.88% 0.08 times
05 Wed Dec 2018 39.95 39.95 to 39.95 -4.99% 0.41 times
04 Tue Dec 2018 42.05 42.05 to 46.45 -4.97% 4.57 times
03 Mon Dec 2018 44.25 44.25 to 44.25 4.98% 0.28 times
30 Fri Nov 2018 42.15 42.15 to 42.15 4.98% 0.36 times
29 Thu Nov 2018 40.15 40.15 to 40.15 4.97% 0.58 times
28 Wed Nov 2018 38.25 37.85 to 38.25 4.94% 2.73 times
27 Tue Nov 2018 36.45 36.45 to 36.45 4.89% 0.15 times

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ELECTROSL_BE NEWS why is Electrosteel Steels Ltd price falling or rising

 

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