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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 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, 52Buy
Stochastics 93Buy
CCI 115Buy
RSI 58Buy
OBV 6533386Sell
VWAP 1282Buy
ADL 0Sell
ROC 19Buy
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 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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