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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 2024-12-24 View latest technical analysis

10 day averaged volume of Elecon Engineering is 441808

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	627.50	604.15	639.40	602.00	0.895 times
23 Mon Dec 2024	602.40	602.00	619.95	592.20	0.595 times
20 Fri Dec 2024	601.75	620.40	623.65	597.00	0.386 times
19 Thu Dec 2024	617.85	607.00	625.00	602.00	0.545 times
18 Wed Dec 2024	613.05	635.40	638.40	611.45	0.777 times
17 Tue Dec 2024	638.40	645.00	652.45	630.35	0.639 times
16 Mon Dec 2024	645.40	649.30	657.90	642.40	0.456 times
13 Fri Dec 2024	648.35	651.00	656.35	643.50	0.713 times
12 Thu Dec 2024	650.95	657.65	669.00	641.35	1.339 times
11 Wed Dec 2024	657.20	664.00	672.55	655.00	1.795 times

My analysis of stock is bullish for shortterm, and stock might move up till 647 or till 676.3. Use a stoploss of 622.54 and if this stock hits its stoploss, then it can fall down till 598.11

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	639.40
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	600
Downside Intraday Target	572.5
Upside Intraday Target	647.2
Upside Intraday Target	666.9
Downside Intraday Target	619.7

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	627.50	602.00	639.40	592.20	0.531 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
24 Tue Dec 2024	627.50	590.10	672.55	578.35	1.149 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Elecon Engineering in short term but the sell 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Engineering in short term but BUY signal is weak.

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 636.51 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.