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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 2024-09-27 View latest technical analysis

10 day averaged volume of Elecon Engineering is 933931

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	695.30	703.90	708.80	688.95	0.762 times
26 Thu Sep 2024	702.30	666.35	710.00	665.80	5.375 times
25 Wed Sep 2024	663.60	663.00	669.90	659.00	0.342 times
24 Tue Sep 2024	661.70	663.85	667.00	656.15	0.463 times
23 Mon Sep 2024	657.85	638.00	674.00	636.10	1.824 times
20 Fri Sep 2024	636.10	624.40	640.10	619.45	0.441 times
19 Thu Sep 2024	621.65	631.00	632.95	611.05	0.469 times
18 Wed Sep 2024	630.70	626.35	640.50	623.00	0.226 times
17 Tue Sep 2024	626.35	622.45	628.80	616.40	0.242 times
16 Mon Sep 2024	622.60	639.05	639.15	620.50	0.171 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 692, for a target of 662.6 or 638.17

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	604.20
Downside Target	636.10
Downside Target	651.70
Upside Target	710.00
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	650.93
Downside Intraday Target	606.57
Upside Intraday Target	724.83
Upside Intraday Target	754.37
Downside Intraday Target	680.47

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	695.30	638.00	710.00	636.10	5.657 times
20 Fri Sep 2024	636.10	639.05	640.50	611.05	1.075 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	695.30	627.00	710.00	604.20	1.793 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, and volume has increased substantially. This means that the move can 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 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 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 coming down

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 679.65 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.