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

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

Elecon Engineering trades in NSE in Industrial Machinery sector.

10 day averaged volume of Elecon Engineering is 631088

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1126.20	1131.00	1145.45	1120.00	0.292 times
25 Thu Apr 2024	1142.00	1149.90	1159.50	1130.05	0.336 times
24 Wed Apr 2024	1148.50	1137.00	1170.00	1132.00	0.593 times
23 Tue Apr 2024	1126.45	1177.70	1178.00	1113.35	0.802 times
22 Mon Apr 2024	1155.70	1235.00	1245.00	1141.10	2.107 times
19 Fri Apr 2024	1166.25	1048.00	1197.95	1030.00	4.217 times
18 Thu Apr 2024	1061.00	1027.70	1070.00	1025.00	0.753 times
16 Tue Apr 2024	1014.40	988.25	1021.95	988.25	0.33 times
15 Mon Apr 2024	988.25	975.90	1023.00	968.00	0.515 times
12 Fri Apr 2024	972.00	1004.35	1008.10	970.00	0.232 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1111.5, but if it comes below 1111.5, then a intra day sell could be more profitable.
If you take a sell trade below 1111.5, then use 1111.5 as stoploss and 1037.53 as target. However if you take a buy trade in stock , then use 1111.5 as stoploss and 1200.3 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	790.30
Downside Target	857.55
Downside Target	905.00
Downside Target	954.75
Downside Target	1009.80
Downside Target	1032.10
Downside Target	1109.20
Downside Target	1113.35
Downside Target	1122.00
Upside Target	1197.95
Upside Target	1245.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	1078.03
Downside Intraday Target	1029.87
Upside Intraday Target	1209.68
Upside Intraday Target	1293.17
Upside Intraday Target	1161.52

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1126.20	1235.00	1245.00	1113.35	0.71 times
19 Fri Apr 2024	1166.25	975.90	1197.95	968.00	6.738 times
12 Fri Apr 2024	972.00	1015.10	1032.10	970.00	1.042 times
05 Fri Apr 2024	1005.25	958.35	1015.45	954.75	0.768 times
28 Thu Mar 2024	948.75	920.25	974.40	905.40	0.693 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 Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	1126.20	958.35	1245.00	954.75	1.221 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
31 Wed Jan 2024	1100.60	932.95	1122.00	905.00	2.153 times

Scroll below to view daily charts

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 Engineering (ELECON)

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elecon Engineering ( (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 Engineering ( (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 Engineering ( (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 Engineering stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elecon Engineering 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 Engineering Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Engineering in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elecon Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1131.8 and Elecon Engineering (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 Engineering (ELECON) stock. Volume based technical analysis of Elecon Engineering (ELECON) stock is negative.

Elecon Engineering 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.