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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 2024-04-09 View latest technical analysis

10 day averaged volume of Elecon Engineering is 164997

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1001.30	1027.95	1032.00	995.00	0.926 times
08 Mon Apr 2024	1023.80	1015.10	1032.10	1011.05	1.053 times
05 Fri Apr 2024	1005.25	983.30	1015.45	973.00	0.849 times
04 Thu Apr 2024	983.30	987.55	995.35	973.25	0.614 times
03 Wed Apr 2024	977.75	976.50	982.00	960.00	0.611 times
02 Tue Apr 2024	973.00	981.50	988.55	962.15	0.455 times
01 Mon Apr 2024	977.55	958.35	979.70	954.75	0.638 times
28 Thu Mar 2024	948.75	970.00	974.40	933.90	0.747 times
27 Wed Mar 2024	960.15	949.90	971.00	928.10	1.883 times
26 Tue Mar 2024	943.25	920.25	948.70	905.40	1.492 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 988, but if it comes below 988, then a intra day sell could be more profitable.
If you take a sell trade below 988, then use 988 as stoploss and 923.62 as target. However if you take a buy trade in stock , then use 988 as stoploss and 1065.2 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	995.00
Upside Target	1009.80
Upside 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	986.83
Downside Intraday Target	972.37
Upside Intraday Target	1023.93
Upside Intraday Target	1046.57
Upside Intraday Target	1009.47

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	1001.30	1015.10	1032.10	995.00	0.625 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 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
09 Tue Apr 2024	1001.30	958.35	1032.10	954.75	0.141 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 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 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 green color and prices are above 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 976.51 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 negative.

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