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ESL NEWS why is Electrosteel Steels Limited price falling or rising

ESL NEWS reasons for why stock price of Electrosteel Steels Limited is falling or rising

ESL 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 ESL at this time. Stock is falling and might fall more.

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

Stock of Electrosteel Steels (ESL) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Electrosteel Steels is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1.1, for a target of 1.3 or 1.38

ESL Electrosteel Steels is falling or rising NEWS fundamental reasons

More announcements and NEWS

ESL Electrosteel Steels Limited current price & indicator signals

Moving Averages for Electrosteel Steels Limited

  • 5Day Average: 1.23
  • 12Day Average: 1.2
  • 20Day Average: 1.27
  • 50Day Average: 1.96
  • 100Day Average: 2.81
  • 150Day Average: 3.77
  • 200Day Average: 3.95

ESL Indicators & signals

Indicator MACD (12,26,9)

1.25, 1.45, -0.23
Indicator MACD is in negative zone

Indicator ADX (14)

0, 58.33, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
08 Fri Jun 2018 1.15 1.15 to 1.15 -4.17% 0.05 times
07 Thu Jun 2018 1.20 1.20 to 1.20 -4% 0.09 times
06 Wed Jun 2018 1.25 1.25 to 1.35 -3.85% 1.08 times
05 Tue Jun 2018 1.30 1.20 to 1.30 4% 2.54 times
04 Mon Jun 2018 1.25 1.25 to 1.35 -3.85% 1.2 times
01 Fri Jun 2018 1.30 1.30 to 1.30 4% 0.18 times
31 Thu May 2018 1.25 1.25 to 1.25 4.17% 0.24 times
30 Wed May 2018 1.20 1.10 to 1.20 4.35% 1.15 times
29 Tue May 2018 1.15 1.10 to 1.20 0% 1.78 times
28 Mon May 2018 1.15 1.05 to 1.15 4.55% 1.59 times
25 Fri May 2018 1.10 1.10 to 1.10 -4.35% 0.15 times
24 Thu May 2018 1.15 1.15 to 1.15 -4.17% 0.01 times

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ESL NEWS why is Electrosteel Steels Limited price falling or rising

 

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