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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 2024-04-08 View latest technical analysis

10 day averaged volume of Elecon Engineering is 171104

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1023.80	1015.10	1032.10	1011.05	1.015 times
05 Fri Apr 2024	1005.25	983.30	1015.45	973.00	0.819 times
04 Thu Apr 2024	983.30	987.55	995.35	973.25	0.592 times
03 Wed Apr 2024	977.75	976.50	982.00	960.00	0.589 times
02 Tue Apr 2024	973.00	981.50	988.55	962.15	0.439 times
01 Mon Apr 2024	977.55	958.35	979.70	954.75	0.616 times
28 Thu Mar 2024	948.75	970.00	974.40	933.90	0.72 times
27 Wed Mar 2024	960.15	949.90	971.00	928.10	1.815 times
26 Tue Mar 2024	943.25	920.25	948.70	905.40	1.439 times
22 Fri Mar 2024	920.25	889.05	924.70	881.15	1.599 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 984.2, but if it comes below 984.2, then a intra day sell could be more profitable.
If you take a sell trade below 984.2, then use 984.2 as stoploss and 921.67 as target. However if you take a buy trade in stock , then use 984.2 as stoploss and 1059.2 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	790.30
Downside Target	825.00
Downside Target	857.55
Downside Target	905.00
Downside Target	954.75
Downside Target	1009.80
Downside Target	1011.05
Downside Target	1015.45
Upside Target	1032.10
Upside Target	1109.20
Upside Target	1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	1012.53
Downside Intraday Target	1001.27
Upside Intraday Target	1033.58
Upside Intraday Target	1043.37
Downside Intraday Target	1022.32

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1023.80	1015.10	1032.10	1011.05	0.332 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
22 Fri Mar 2024	920.25	870.00	924.70	825.00	0.275 times
15 Fri Mar 2024	872.95	962.35	963.00	790.30	5.384 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
08 Mon Apr 2024	1023.80	958.35	1032.10	954.75	0.116 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term and selling is picking up 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 Engineering is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 964.88 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 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.