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(ELECON) Elecon Eng complete technical analysis [charts+indicators] | Buy/Sell Elecon Eng | (ELECON) share price targets

Complete technical analysis of Elecon Eng (ELECON) by charts plus indicators, forecast predictions and share price targets for Elecon Eng (ELECON)

10 day averaged volume of Elecon Eng is 387866

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 1144.05 1141.95 1166.90 1136.00 0.965 times
21 Tue May 2024 1141.45 1155.70 1163.25 1136.65 0.655 times
20 Mon May 2024 1144.70 1147.00 1154.50 1132.05 0.063 times
17 Fri May 2024 1143.10 1143.90 1167.10 1130.50 0.869 times
16 Thu May 2024 1144.55 1097.50 1149.75 1097.20 1.349 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1153.9 as stoploss in an intra day sell trade for a target of 1101.88. However, stock will show a bullish move above 1153.9.

Share price targets for Elecon Eng (ELECON)

Target Type Value
Downside Target 790.30
Downside Target 905.00
Downside Target 954.75
Downside Target 1009.80
Downside Target 1084.95
Downside Target 1108.20
Downside Target 1132.05
Upside Target 1166.90
Upside Target 1167.10
Upside Target 1179.00
Upside Target 1245.00

Intraday share price targets for Elecon Eng (ELECON)

Target Type Value
Downside Intraday Target 1128.43
Downside Intraday Target 1112.82
Upside Intraday Target 1163.28
Upside Intraday Target 1182.52
Upside Intraday Target 1147.67

Weekly technical analysis of Elecon Eng (ELECON)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 1144.05 1147.00 1166.90 1132.05 0.317 times
17 Fri May 2024 1143.10 995.85 1167.10 961.55 1.179 times
10 Fri May 2024 996.45 1100.00 1108.20 920.05 1.84 times
03 Fri May 2024 1097.45 1128.90 1179.00 1084.95 0.364 times
26 Fri Apr 2024 1126.20 1235.00 1245.00 1113.35 0.71 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elecon Eng (ELECON)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 1144.05 1138.05 1167.10 920.05 0.637 times
30 Tue Apr 2024 1134.35 958.35 1245.00 954.75 1.295 times
28 Thu Mar 2024 948.75 998.90 1009.80 790.30 1.413 times
29 Thu Feb 2024 1002.15 1106.15 1109.20 911.00 0.342 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elecon Eng (ELECON)

Indicator Name Indicator Value Indicator Signal
ADX 29, 17, 25 Buy
MACD 52, 44Buy
Stochastics 90Buy
CCI 72Buy
RSI 55Buy
OBV -497783Sell
VWAP 1077Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (ELECON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elecon Eng ( (ELECON) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elecon Eng ( (ELECON) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elecon Eng ( (ELECON) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elecon Eng stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elecon Eng in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elecon Eng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Eng in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elecon Eng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1077.05 and Elecon Eng (ELECON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elecon Eng (ELECON) stock. Volume based technical analysis of Elecon Eng (ELECON) stock is negative.

Elecon Eng Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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