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ELECTROSTEEL CASTINGS LTDELECTROSTEEL CASTINGS LTDELECTROSTEEL CASTINGS LTD

ELECTROSTEEL CASTINGS LTD

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ELECTCAST trade ideas

50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser. This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser. Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months. Be Discipline because discipline is the Key to Success in the STOCK Market. Trade What you see not what you Think
NSE:ELECTCAST
by AnsariTV
ELECTOCAST LONG CUP/HANDLE FORMATION Long Position: Entry: Current price level (around 217-218) Target: 290 (Cup depth projection) Stop-Loss: 210-215 (below recent support) Pattern Overview: Electrosteel Castings has formed a classic Cup & Handle pattern with a strong potential for a breakout above 220. The handle consolidation within a symmetrical triangle suggests a buildup before a move higher. Volume confirmation will be key. MACD histogram reducing, adding another bullish signal. Strategy: Enter long now with a stop-loss at 210-215. If the breakout is confirmed with volume, look for a target of 290, based on the pattern's depth projection. Risk/Reward Ratio: ~2.5:1 Key Levels to Watch: Support: 210-215 Resistance: 220-225 Disclaimer: *I am not SEBI registered and this idea could be wrong. I'm here to learn, so please share your thoughts in the comments. Don’t follow this blindly! :) *
NSE:ELECTCAST
by competitiveMin94045
1
$NSE:ELECTCAST READY TO CAST NEW HIGHNSE:ELECTCAST is getting casted to cast new high's. As you all can see and observe the charts, The charts have formed double bottom along with ascending triangle pattern. While writing this price has already broken out through ascending triangle and checking for volumes they have been good since last three months. Since this stock has already given 2x from march to till date it is risky buy here for me. But still seeing the stocks technical and fundamentals this stock is so good to be true. We could see institutional buying and the chart is also showing bullishness with strong technical volume data. Note:- Set Stop loss according to your apatite. As indicated the new target for this stock with CMP:- 210 would be 1. Short term Targets 225 230 2. Mid Term Targets 240 255 3. Long Term Target 269 280 299 If all goes well soon Electro steel cast will cast new highs. If you like my analysis do give a follow and boost to bring you more analysis. Disclaimer The above analysis posted is only for my reference. And it is not investment advice. These post are for educational purpose only. Please DYOR before investing you hard earned money. I am not responsible either for you profit or losses you make out of my analysis.
NSE:ELECTCASTLong
by rahulxvaishnav
ELECTCAST 3rd Time Knocking its All Time High with Weekly HammerNSE:ELECTCAST The company was incorporated in November 1955, as Dalmia Iron & Steel Ltd and re-incorporated under the name of ECL in May 1965. ECL manufactures DI pipes with combined installed capacity of 7,45,000 MTPA. Combined production capacity for DI fittings and cast iron pipes is 21,000 MTPA and 90,000 MTPA, respectively. Through backward integration, the company also operates a blast furnace, coke oven and waste heat recovery-based power plant. Plants are in Khardah and Haldia in West Bengal, Elavur in Tamil Nadu, and Srikalahasthi in Andhra Pradesh. Strengths: Established position in the pipes industry with significant backward integration: The three-decade-long experience of the promoters in the ductile iron (DI) pipes industry has helped them establish significant market presence, expand production capacities, and undertake backward integration over the years. The facility is already utilised by over 90% and ECL plans to further add capacity of more than 2.5 lakh metric tonne per annum (MTPA) over the next two fiscals. This will enable the company to retain its leadership position in the DI pipe market. The company maintains strong trade relationships with reputed overseas customers and all major players in the domestic market. Limited competition, owing to large capital requirement and necessity to have critical accreditations and customer approvals, bolster the business risk profile. Performance is further supported by improving global and domestic demand, as reflected in a strong order book providing healthy revenue visibility. Healthy financial risk profile: Networth and gearing have improved to Rs 5,111 crore and 0.44 time, respectively, as on March 31, 2024 (Rs 4,376 crore and 0.6 time, respectively, a year earlier), backed by better profitability and hence, steady accretion to reserves. Lower dependence on external debt and better working capital management should also aid the financial risk profile. Debt protection metrics remain comfortable with interest coverage and net cash accrual to adjusted debt ratios at 5.7 times and 0.34 time, respectively, in fiscal 2024. Order Book 6 lakh tonnes let say, so about nine to 10 months of Healthy Order Book. worth of Around Rs. 4,500 crores approximately. Financial Highlights Revenues at INR 7,580 Crores, Highest ever yearly EBITDA and PAT at INR 1,281 Crores and INR 740 Crores, respectively in FY24 ➢ EBITDA margin and PAT margin at 16.9% and 9.8%, respectively in FY24 ➢ Adjusted FY24 ROCE at 19.0% (FY23 - 13.0%) and ROE at 19.3% (FY23 - 11.2%) ➢ Strong Order Book visibility of 10 months Other Financial Metrics EBITDA grew by 50.9% YoY to INR 346 Crores in Q4FY24, the EBITDA margin expanded by 495 bps YoY to 17.0%. • Highest ever PAT of INR 227 Crores, up by 153.8% YoY in Q4FY24, PAT margin expanded by 645 bps YoY to 11.1%. • Decline in interest cost by 33.3% during the quarter. Effective Positive Policies Jal Jeevan Mission (JJM): Driving Water Infra Demand ➢ The Government’s flagship scheme - Outlay of INR 3.60 lakh crores ➢ Providing water supply by to every crore rural household at a capacity of at least 55 litres per capita, per day (lpcd) by 2024 ➢ Providing Functional Household Tap Connections (FHTCs) to 19.4 crore rural households and village institutions ➢ Prioritising quality-affected villages (drought prone & desert areas Additional Government Schemes Driving Water Infra Spending AMRUT 2.0: INR 2,99,000 Crores (Launched by Hon’ble PM on 1st Oct 2021) ➢ Aims to provide 2.68 Crore water taps connections in 4,800 statutory towns ➢ New 2.64 Crore Sewerage/Septage services in 500 AMRUT cities
NSE:ELECTCASTLong
by iism-ExpertTrading
ELECTCAST - Bullish Momentum after Breakout (Buy & Hold)ELECTCAST Technical Analysis :- ELECTCAST's technical analysis shows mixed signals with a recent upward trend. Here's a breakdown: Buy at CMP@194 with a nearest target at 225 and Long term target above 240 Positive Signs: Upward Trend: The stock price has been on an upward trajectory for the past month, with a 20.72% increase. Strong Buy Rating: Some technical analysis tools suggest a "strong buy" signal for ELECTCAST. Aroon Indicator: This indicator shows a mild bullish trend, suggesting potential for further upside. Awesome Oscillator: This indicator is trading above zero, which could be a sign of bullish momentum. RSI: The Relative Strength Index (RSI) might be near the overbought zone, indicating a potential pullback before further growth. Overall Trend & My Persoanl Opinion: ELECTCAST's recent price movement and some technical indicators suggest a potential uptrend. However, the overall picture is mixed due to the "sell" rating from oscillators and the RSI nearing overbought territory. Here are some additional points to consider: Confirmation of Uptrend: If the stock price continues to rise and breaks above resistance levels, it could confirm a stronger uptrend. Market Conditions: The overall market performance and the steel sector's health can significantly impact ELECTCAST's stock price. Company News and Financials: Look for any relevant company news or financial reports that might influence the stock price. Disclaimer: This analysis is based on technical indicators along with previous chart history and current chart pattern. So this information should not be considered financial advice. Do your own research before making any investment decisions because I am not SEBI registered person Thanks for your support as always
NSE:ELECTCASTLong
by ForexTrader4all
Electrosteel castings looks good for 190++New breakout with heavy volume looks good for 190..200 stop loss can set below10ema or 170 level Head and shoulder reversal patern Break Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron. Swing trade Disclaimer: only for educational purpose! Not a buy or sell recommendation consult your financial advolisor before any investments!!
NSE:ELECTCAST
by CRYSTAL_EQUITY
1