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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 1133378

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 1308.35 1312.45 1321.90 1292.70 0.285 times
20 Thu Jun 2024 1302.00 1303.00 1333.15 1278.60 0.207 times
19 Wed Jun 2024 1302.60 1308.45 1315.00 1270.00 0.148 times
18 Tue Jun 2024 1300.45 1329.85 1334.85 1297.00 0.186 times
14 Fri Jun 2024 1321.65 1322.30 1348.00 1291.30 0.449 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1286.9, but if it comes below 1286.9, then a intra day sell could be more profitable.
If you take a sell trade below 1286.9, then use 1286.9 as stoploss and 1181.18 as target. However if you take a buy trade in stock , then use 1286.9 as stoploss and 1413.8 as target.

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 1188.60
Downside Target 1245.00
Downside Target 1270.00
Upside Target 1334.85
Upside Target 1355.50

Intraday share price targets for Elecon Eng (ELECON)

Target Type Value
Downside Intraday Target 1273.95
Downside Intraday Target 1239.55
Upside Intraday Target 1338.8
Upside Intraday Target 1369.25
Downside Intraday Target 1304.4

Weekly technical analysis of Elecon Eng (ELECON)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 1308.35 1329.85 1334.85 1270.00 0.092 times
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

Price has moved down 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
21 Fri Jun 2024 1308.35 1180.00 1355.50 954.00 1.995 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 31, 16, 34 Buy
MACD 108, 88Buy
Stochastics 85Buy
CCI 48Buy
RSI 57Buy
OBV 6770718Sell
VWAP 1318Sell
ADL 0Sell
ROC 25Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (ELECON) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elecon Eng ( (ELECON) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 1317.87 and Elecon Eng (ELECON) stock is trading below this level. This means that stock is falling with high volumes. 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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