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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 2024-09-13 View latest technical analysis

10 day averaged volume of Elecon Engineering is 317653

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	638.05	622.65	644.90	620.05	1.317 times
12 Thu Sep 2024	622.65	619.60	626.70	614.05	0.459 times
11 Wed Sep 2024	617.30	637.65	651.70	614.50	0.908 times
10 Tue Sep 2024	633.60	625.60	637.00	620.00	0.694 times
09 Mon Sep 2024	622.65	616.45	626.00	604.20	0.858 times
06 Fri Sep 2024	616.35	630.00	643.00	613.70	2.116 times
05 Thu Sep 2024	627.20	621.20	632.90	620.55	1.215 times
04 Wed Sep 2024	620.10	615.15	636.80	615.15	0.667 times
03 Tue Sep 2024	626.80	622.80	631.05	620.50	0.553 times
02 Mon Sep 2024	620.55	627.00	633.95	613.00	1.934 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 636.7, for a target of 626.8 or 618.56

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	600.60
Upside Target	642.00
Upside Target	643.00
Upside Target	651.70
Upside Target	920.05
Upside Target	954.00
Upside Target	1188.60
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	610.93
Downside Intraday Target	583.82
Upside Intraday Target	658.43
Upside Intraday Target	678.82
Downside Intraday Target	631.32

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	638.05	616.45	651.70	604.20	0.653 times
06 Fri Sep 2024	616.35	627.00	643.00	613.00	2.059 times
30 Fri Aug 2024	621.45	616.50	623.00	606.75	0.856 times
23 Fri Aug 2024	610.95	608.00	616.55	600.60	0.936 times
16 Fri Aug 2024	605.55	579.80	613.65	565.70	0.437 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
13 Fri Sep 2024	638.05	627.00	651.70	604.20	0.468 times
30 Fri Aug 2024	621.45	634.70	642.00	562.00	0.39 times
31 Wed Jul 2024	630.10	1302.00	1409.00	582.00	1.262 times
28 Fri Jun 2024	1322.10	1180.00	1380.00	954.00	2.263 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 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 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 but the buy signal is initial and weak.

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 getting stronger in this stock.

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 SELL signal in short term but selling is losing 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 623.75 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.