Meyka Pro is live. Get 50% off your first 3 months.Get Started →
Meyka Pro banner
Steelcast Limited

STEELCAS.BO Technical Analysis Summary (BSE)

Analyze STEELCAS.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

STEELCAS.BO●BSE
Basic MaterialsSteel
₹311.90
₹6.10(1.99%)
Indian Market opens in 4h 28m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

STEELCAS.BO Technical Analysis Summary (BSE)

Steelcast Limited (BSE: STEELCAS.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 57.35)
Trend Strength:Strong (ADX: 34.94)
Volatility:Medium (ATR: 11.38)
Support/Resistance:$297.86 – $315.91 (Bollinger Bands)

Technical conditions suggest Steelcast Limited on the BSE is awaiting a decisive move. Technical conditions suggest Steelcast Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 57.35

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 50.94

Neutral
Mid-range signal with no clear trend.

Williams %R: -32.66

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -0.35

Neutral
Price change is minimal.

Takeaway:Steelcast Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 3.09

Bullish
Bullish, trend momentum is strengthening.

ADX: 34.94

Strong
Strong trend, momentum well established.

ATR (14): 11.38

Rising
Rising volatility, market activity increasing.

CCI (14): 128.40

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Steelcast Limited shows overheated trend conditions, with risk of sharp pullback.

Support & Resistance indicators
Bollinger Bands
Upper Band
$315.91
Middle Band (SMA 20)
$306.89
Lower Band
$297.86
Current Position
Within Bands

Takeaway:Steelcast Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$327.94
Middle Line (EMA 20)
$305.17
Lower Channel
$282.41
Squeeze Status
Squeeze On

Takeaway:Steelcast Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-117.54K
Money Flow Index68.33Bullish, inflows support continued momentum.
Relative Vigor Index67.63Bullish, price momentum strongly favors buyers.

Overall Takeaway:STEELCAS.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Steelcast Limited (BSE: STEELCAS.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Steelcast Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: STEELCAS.BO) Technical Analysis FAQ