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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 2024-04-25 View latest technical analysis

10 day averaged volume of Elecon Engineering is 625133

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	1142.00	1149.90	1159.50	1130.05	0.34 times
24 Wed Apr 2024	1148.50	1137.00	1170.00	1132.00	0.599 times
23 Tue Apr 2024	1126.45	1177.70	1178.00	1113.35	0.81 times
22 Mon Apr 2024	1155.70	1235.00	1245.00	1141.10	2.127 times
19 Fri Apr 2024	1166.25	1048.00	1197.95	1030.00	4.257 times
18 Thu Apr 2024	1061.00	1027.70	1070.00	1025.00	0.76 times
16 Tue Apr 2024	1014.40	988.25	1021.95	988.25	0.333 times
15 Mon Apr 2024	988.25	975.90	1023.00	968.00	0.52 times
12 Fri Apr 2024	972.00	1004.35	1008.10	970.00	0.234 times
10 Wed Apr 2024	998.95	1005.50	1019.20	988.65	0.115 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1102.2, but if it comes below 1102.2, then a intra day sell could be more profitable.
If you take a sell trade below 1102.2, then use 1102.2 as stoploss and 1028.38 as target. However if you take a buy trade in stock , then use 1102.2 as stoploss and 1190.7 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	1088.57
Downside Intraday Target	1035.13
Upside Intraday Target	1220.22
Upside Intraday Target	1298.43
Upside Intraday Target	1166.78

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	1142.00	1235.00	1245.00	1113.35	0.66 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
25 Thu Apr 2024	1142.00	958.35	1245.00	954.75	1.19 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 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 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 BUY signal in short term and the buying is gaining 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 1130.45 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.