ELECTHERM· Materials› Iron & Steel

Electrotherm (India) Ltd

Stage 3 · Topping · week 5

Electrotherm (India) Limited, an engineering and steel company, provides steel melting solutions worldwide. More about the company

₹723
-1.67% today
₹921 Cr · Small cap
Market Neutral — FadingMaterials 35.2% in Stage 2-0.7 pts / 20dIron & Steel 34.2%+0.4 pts
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vs 52W High
-41.2%
₹555.4 lo₹1,230.5 hi
41.2% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 5
1w13w26w
Week 5 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-17.0%
200 DMA: ₹871.3 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.38x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -10.9% vs MA50 -8.6%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-26.3%
3M
-34.9%
6M
+22.1%
YTD
-20.8%
1Y
-28.9%
Sector
Materials
→ Flat
Stage 2%
35.2%
20d Δ
-0.7pp
1M return
-5.4%
3M return
-0.3%
Sector Stage-2 % · last 20 days
Sector has 159 Stage 2 leaders. See Materials Stage 2 →
Industry
Iron & Steel
→ Flat
Stage 2%
34.2%
20d Δ
+0.4pp
1M return
-4.2%
3M return
+5.8%
Industry Stage-2 % · last 20 days
Industry has 27 Stage 2 leaders. See Iron & Steel Stage 2 →
Stage Cycle Timeline2023-07-12 → 2026-10-07
S2 54w
S2 26w
S4 22w
2023-07-122026-10-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 54w → S3 2w → S2 26w → S3 4w → S4 7w → S1 5w → S2 8w → S3 5w → S4 7w → S1 2w → S2 5w → S3 1w → S4 22w → S1 5w → S2 10w → S3 5w current
Total tracked: 168 weeks across 16 stage runs.
Scan Membership
Prop Scan
Latest: 2026-07-27
Breakout Watch
Latest: 2026-06-22
27 appearances in last 60 days. First seen: 2024-08-08.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-07S3
Wk 5 · Vol 0.38x
2026-10-06S3
Wk 5 · Vol 2.49x
2026-10-05S3
Wk 5 · Vol 1.28x
2026-10-01S3
Wk 4 · Vol 0.78x
2026-09-30S3
Wk 4 · Vol 0.39x
2026-09-29S3
Wk 4 · Vol 0.53x
2026-09-28S3
Wk 4 · Vol 3.26x
2026-09-25S3
Wk 4 · Vol 1.12x
2026-09-24S3
Wk 3 · Vol 0.28x
2026-09-23S3
Wk 3 · Vol 0.68x
2026-09-22S3
Wk 3 · Vol 0.52x
2026-09-21S3
Wk 3 · Vol 0.75x
Sector Peers — Stage 2All →
VENUSPIPES
wk 19 · -1.9% from hi
9.8
MUKANDLTD
wk 19 · 0.0% from hi
9.3
VALIANTORG
wk 7 · -3.4% from hi
8.8
SUNFLAG
wk 2 · 0.0% from hi
8.7
ARROWGREEN
wk 18 · -2.2% from hi
8.4
Moving averages & range
50 DMA
₹953
200 DMA
₹871.3
52W High
₹1,230.5
52W Low
₹555.4
5D Low
₹702.4
Resistance levels (recent highs)
20d High
₹965
60d High
₹1,082.8
120d High
₹1,230.5
250d High
₹1,230.5
Next resistance
+33.5%
to 20d High
Ask the Market AI about ELECTHERMAsk →
P/E (TTM)
6.4
Forward —
Earnings Growth (YoY)
-92.7%
Revenue -1.8%
About this companyMaterials· Iron & Steel

Electrotherm (India) Limited, an engineering and steel company, provides steel melting solutions worldwide. It operates through Engineering & Technologies, Special Steel, Electric Vehicle, and Others segments. The company designs and manufactures steel plants equipment, foundries, induction heating, and hardening equipment for heat treatment. It also engages in the manufacture of TMT bars and ductile iron pipes, including blast furnaces, sponge iron kilns, induction furnaces, rolling mills, ladle refining furnace, and pipe making facilities. In addition, the company provides solar photovoltaic rooftop and ground-mounted solutions to industrial and commercial sectors. Further, it offers induction furnace, casting machines, transformers, sponge and pig iron, ferrous and non-ferrous billets/bars/ingots, duct iron pipes, transmission line towers, and battery operated vehicles; and services related to steel melting and other capital equipment. The company was founded in 1983 and is headquartered in Ahmedabad, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.