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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 2024-10-03 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1027079

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	689.85	684.50	706.50	671.60	0.595 times
01 Tue Oct 2024	696.45	705.00	719.80	690.30	0.592 times
30 Mon Sep 2024	700.05	696.50	704.75	685.80	0.404 times
27 Fri Sep 2024	695.30	703.90	708.80	688.95	0.693 times
26 Thu Sep 2024	702.30	666.35	710.00	665.80	4.887 times
25 Wed Sep 2024	663.60	663.00	669.90	659.00	0.311 times
24 Tue Sep 2024	661.70	663.85	667.00	656.15	0.421 times
23 Mon Sep 2024	657.85	638.00	674.00	636.10	1.658 times
20 Fri Sep 2024	636.10	624.40	640.10	619.45	0.401 times
19 Thu Sep 2024	621.65	631.00	632.95	611.05	0.427 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 679.7, but if it comes below 679.7, then a intra day sell could be more profitable.
If you take a sell trade below 679.7, then use 679.7 as stoploss and 649.12 as target. However if you take a buy trade in stock , then use 679.7 as stoploss and 716.4 as target.

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	671.60
Upside Target	710.00
Upside Target	719.80
Upside Target	954.00
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	667.7
Downside Intraday Target	645.55
Upside Intraday Target	715.9
Upside Intraday Target	741.95
Upside Intraday Target	693.75

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	689.85	696.50	719.80	671.60	0.2 times
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

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
03 Thu Oct 2024	689.85	705.00	719.80	671.60	0.091 times
30 Mon Sep 2024	700.05	627.00	710.00	604.20	1.85 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

Scroll below to view daily charts

Price has moved down 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 684.93 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.