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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 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.

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 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.

Click here for Elecon Engineering charts

Click here for further forecast and predictions for tomorrow

Daily charts

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