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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.

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Elecon Engineering is 445499

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	889.80	855.00	905.40	854.30	0.527 times
20 Wed Mar 2024	840.85	846.00	860.00	825.00	0.31 times
19 Tue Mar 2024	839.10	856.50	856.50	832.05	0.255 times
18 Mon Mar 2024	848.45	870.00	878.50	842.50	0.496 times
15 Fri Mar 2024	872.95	855.30	893.35	841.00	4.337 times
14 Thu Mar 2024	844.00	823.00	860.00	790.30	0.805 times
13 Wed Mar 2024	809.80	879.95	884.70	795.10	1.27 times
12 Tue Mar 2024	870.25	930.05	952.00	859.00	0.946 times
11 Mon Mar 2024	942.85	962.35	963.00	921.00	0.644 times
07 Thu Mar 2024	962.35	945.75	965.90	930.45	0.399 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 860.6 as stoploss in an intra day buy trade for a target of 926.73. However, stock will show a bearish move below 860.6.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	790.30
Downside Target	825.00
Downside Target	850.80
Upside Target	905.00
Upside Target	930.45
Upside Target	963.00
Upside Target	984.00
Upside Target	1001.55
Upside Target	1009.80
Upside Target	1025.95
Upside Target	1059.90
Upside Target	1109.20
Upside Target	1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	841.4
Downside Intraday Target	793
Upside Intraday Target	921.8
Upside Intraday Target	953.8
Downside Intraday Target	873.4

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	889.80	870.00	905.40	825.00	0.198 times
15 Fri Mar 2024	872.95	962.35	963.00	790.30	5.384 times
07 Thu Mar 2024	962.35	999.45	1001.55	930.45	0.497 times
02 Sat Mar 2024	998.90	1024.00	1025.95	911.00	1.666 times
23 Fri Feb 2024	1018.90	1030.40	1059.90	986.05	1.059 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 Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	889.80	998.90	1009.80	790.30	1.189 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
29 Fri Dec 2023	926.95	948.00	984.00	857.55	0.481 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short 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 Engineering ( (ELECON) ) based on a short to mid 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 Engineering ( (ELECON) ) based on a mid to longer 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.

ADX buy sell signal for Elecon Engineering stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elecon Engineering in short term and the sell 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. Bears are weakening, and bulls 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 Engineering in short term and BUY signal is strong.

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 868.22 and Elecon Engineering (ELECON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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