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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 2024-12-17 View latest technical analysis

10 day averaged volume of Elecon Engineering is 669854

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	638.40	645.00	652.45	630.35	0.422 times
16 Mon Dec 2024	645.40	649.30	657.90	642.40	0.301 times
13 Fri Dec 2024	648.35	651.00	656.35	643.50	0.47 times
12 Thu Dec 2024	650.95	657.65	669.00	641.35	0.883 times
11 Wed Dec 2024	657.20	664.00	672.55	655.00	1.184 times
10 Tue Dec 2024	660.60	626.00	664.00	626.00	1.817 times
09 Mon Dec 2024	625.65	630.95	640.95	621.10	0.315 times
06 Fri Dec 2024	630.95	630.40	641.65	628.00	0.402 times
05 Thu Dec 2024	630.05	646.50	648.60	624.10	0.578 times
04 Wed Dec 2024	638.25	627.00	652.00	625.45	2.031 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 645.8 as stoploss in an intra day sell trade for a target of 612.64. However, stock will show a bullish move above 645.8.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Downside Target	578.35
Downside Target	602.00
Downside Target	630.35
Upside Target	642.00
Upside Target	652.00
Upside Target	657.90
Upside Target	672.55
Upside Target	710.00
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	626.53
Downside Intraday Target	614.67
Upside Intraday Target	654.08
Upside Intraday Target	669.77
Upside Intraday Target	642.22

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	638.40	649.30	657.90	630.35	0.155 times
13 Fri Dec 2024	648.35	630.95	672.55	621.10	0.881 times
06 Fri Dec 2024	630.95	590.10	652.00	578.35	1.603 times
29 Fri Nov 2024	584.75	566.00	602.00	556.00	1.533 times
22 Fri Nov 2024	560.95	557.00	581.95	537.45	0.93 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
17 Tue Dec 2024	638.40	590.10	672.55	578.35	0.96 times
29 Fri Nov 2024	584.75	580.45	613.00	530.15	0.349 times
31 Thu Oct 2024	574.70	705.00	739.10	527.55	1.591 times
30 Mon Sep 2024	700.05	627.00	710.00	604.20	1.85 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 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 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 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 and the buy 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 646.53 and Elecon Engineering (ELECON) stock is trading below this level. This means that stock is falling with high volumes. 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.