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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 2024-04-12 View latest technical analysis

10 day averaged volume of Elecon Engineering is 135492

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	972.00	1004.35	1008.10	970.00	1.079 times
10 Wed Apr 2024	998.95	1005.50	1019.20	988.65	0.532 times
09 Tue Apr 2024	1001.30	1027.95	1032.00	995.00	1.128 times
08 Mon Apr 2024	1023.80	1015.10	1032.10	1011.05	1.282 times
05 Fri Apr 2024	1005.25	983.30	1015.45	973.00	1.034 times
04 Thu Apr 2024	983.30	987.55	995.35	973.25	0.747 times
03 Wed Apr 2024	977.75	976.50	982.00	960.00	0.744 times
02 Tue Apr 2024	973.00	981.50	988.55	962.15	0.554 times
01 Mon Apr 2024	977.55	958.35	979.70	954.75	0.777 times
28 Thu Mar 2024	948.75	970.00	974.40	933.90	0.909 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 997.2 as stoploss in an intra day sell trade for a target of 931.51. However, stock will show a bullish move above 997.2.

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
Upside Target	984.00
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	950.63
Downside Intraday Target	929.27
Upside Intraday Target	1012.73
Upside Intraday Target	1053.47
Upside Intraday Target	991.37

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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
12 Fri Apr 2024	972.00	958.35	1032.10	954.75	0.177 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Elecon Engineering in short term and the buy signal is strong.

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 above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Engineering in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 988.46 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.