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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 2024-10-21 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1036769

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	594.50	636.15	637.65	585.10	2.281 times
18 Fri Oct 2024	626.40	718.70	718.70	621.00	3.453 times
17 Thu Oct 2024	721.45	734.50	739.10	712.95	0.602 times
16 Wed Oct 2024	731.25	713.00	739.00	706.05	1.272 times
15 Tue Oct 2024	707.95	697.95	713.40	689.00	0.432 times
14 Mon Oct 2024	695.65	692.25	711.65	688.35	0.379 times
11 Fri Oct 2024	689.70	701.85	717.85	681.00	0.616 times
10 Thu Oct 2024	702.00	662.05	709.40	655.55	1.588 times
09 Wed Oct 2024	655.55	642.95	658.35	634.00	0.413 times
08 Tue Oct 2024	637.85	625.95	641.00	618.00	0.374 times

Stock of Elecon Engineering (ELECON) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 600.4, for a target of 641.9 or 676.51

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Upside Target	604.20
Upside Target	618.00
Upside Target	636.10
Upside Target	671.60
Upside Target	710.00
Upside Target	719.80
Upside Target	739.10
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	573.85
Downside Intraday Target	553.2
Upside Intraday Target	626.4
Upside Intraday Target	658.3
Upside Intraday Target	605.75

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	594.50	636.15	637.65	585.10	0.372 times
18 Fri Oct 2024	626.40	692.25	739.10	621.00	1.589 times
11 Fri Oct 2024	689.70	675.45	717.85	618.00	1.965 times
04 Fri Oct 2024	675.80	696.50	719.80	671.60	0.249 times
27 Fri Sep 2024	695.30	638.00	710.00	636.10	5.657 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
21 Mon Oct 2024	594.50	705.00	739.10	585.10	1.067 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Elecon Engineering in short term and the sell signal is strong.

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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Engineering in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 657.48 and Elecon Engineering (ELECON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.