Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-23 View latest technical analysis

10 day averaged volume of Elecon Engineering is 436628

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	602.40	602.00	619.95	592.20	0.602 times
20 Fri Dec 2024	601.75	620.40	623.65	597.00	0.391 times
19 Thu Dec 2024	617.85	607.00	625.00	602.00	0.551 times
18 Wed Dec 2024	613.05	635.40	638.40	611.45	0.786 times
17 Tue Dec 2024	638.40	645.00	652.45	630.35	0.647 times
16 Mon Dec 2024	645.40	649.30	657.90	642.40	0.461 times
13 Fri Dec 2024	648.35	651.00	656.35	643.50	0.721 times
12 Thu Dec 2024	650.95	657.65	669.00	641.35	1.355 times
11 Wed Dec 2024	657.20	664.00	672.55	655.00	1.816 times
10 Tue Dec 2024	660.60	626.00	664.00	626.00	2.787 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 592.8 as stoploss in an intra day buy trade for a target of 619.69. However, stock will show a bearish move below 592.8.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Downside Target	578.35
Downside Target	592.20
Upside Target	621.10
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	589.75
Downside Intraday Target	577.1
Upside Intraday Target	617.5
Upside Intraday Target	632.6
Upside Intraday Target	604.85

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	602.40	602.00	619.95	592.20	0.212 times
20 Fri Dec 2024	601.75	649.30	657.90	597.00	0.396 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

Price has moved up 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
23 Mon Dec 2024	602.40	590.10	672.55	578.35	1.096 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid 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 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Elecon Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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 but buying 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 643.95 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 positive

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