(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 1209911
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 1321.65 | 1322.30 | 1348.00 | 1291.30 | 0.421 times |
| 13 Thu Jun 2024 | 1317.65 | 1350.00 | 1350.00 | 1277.00 | 1.424 times |
| 12 Wed Jun 2024 | 1338.40 | 1186.50 | 1355.50 | 1184.70 | 6.084 times |
| 11 Tue Jun 2024 | 1177.55 | 1163.00 | 1185.85 | 1157.30 | 0.164 times |
| 10 Mon Jun 2024 | 1155.80 | 1110.90 | 1162.95 | 1103.55 | 0.291 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1339.1, for a target of 1235.5 or 1149.14
Share price targets for Elecon Eng (ELECON)
| Target Type | Value |
| Downside Target | 790.30 |
| Downside Target | 911.00 |
| Downside Target | 954.00 |
| Downside Target | 1009.80 |
| Downside Target | 1075.65 |
| Downside Target | 1103.55 |
| Downside Target | 1166.90 |
| Downside Target | 1180.00 |
| Downside Target | 1188.60 |
| Downside Target | 1245.00 |
| Upside Target | 1355.50 |
Intraday share price targets for Elecon Eng (ELECON)
| Target Type | Value |
| Downside Intraday Target | 1164.97 |
| Downside Intraday Target | 1008.28 |
| Upside Intraday Target | 1416.92 |
| Upside Intraday Target | 1512.18 |
| Downside Intraday Target | 1260.23 |
Weekly technical analysis of Elecon Eng (ELECON)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 1321.65 | 1110.90 | 1355.50 | 1103.55 | 5.184 times |
| 07 Fri Jun 2024 | 1103.55 | 1180.00 | 1180.00 | 954.00 | 1.68 times |
| 31 Fri May 2024 | 1109.10 | 1150.00 | 1188.60 | 1075.65 | 1.101 times |
| 24 Fri May 2024 | 1145.90 | 1147.00 | 1166.90 | 1126.05 | 0.514 times |
| 17 Fri May 2024 | 1143.10 | 995.85 | 1167.10 | 961.55 | 1.179 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Elecon Eng (ELECON)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 14 Fri Jun 2024 | 1321.65 | 1180.00 | 1355.50 | 954.00 | 1.852 times |
| 31 Fri May 2024 | 1109.10 | 1138.05 | 1188.60 | 920.05 | 0.839 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 |
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Elecon Eng (ELECON)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 37, 16, 41 | Buy |
| MACD | 88, 52 | Buy |
| Stochastics | 93 | Buy |
| CCI | 115 | Buy |
| RSI | 58 | Buy |
| OBV | 6533386 | Sell |
| VWAP | 1282 | Buy |
| ADL | 0 | Sell |
| ROC | 19 | Buy |
| Force Index | 0 | Sell |
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 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 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 losing 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 tired and bears are picking up momentum.
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 1281.72 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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