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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 2024-12-31 View latest technical analysis

10 day averaged volume of Elecon Engineering is 350082

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	634.50	630.00	651.85	630.00	1.343 times
30 Mon Dec 2024	629.20	642.35	646.75	616.60	0.863 times
27 Fri Dec 2024	642.35	645.00	647.70	625.00	0.847 times
26 Thu Dec 2024	641.70	628.00	646.50	621.50	2.871 times
24 Tue Dec 2024	627.50	604.15	639.40	602.00	1.129 times
23 Mon Dec 2024	602.40	602.00	619.95	592.20	0.751 times
20 Fri Dec 2024	601.75	620.40	623.65	597.00	0.487 times
19 Thu Dec 2024	617.85	607.00	625.00	602.00	0.688 times
18 Wed Dec 2024	613.05	635.40	638.40	611.45	0.981 times
17 Tue Dec 2024	638.40	645.00	652.45	630.35	0.807 times

My analysis of stock is bullish for shortterm, and stock might move up till 648.8 or till 667.9. Use a stoploss of 632.95 and if this stock hits its stoploss, then it can fall down till 617.08

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	562.00
Downside Target	578.35
Downside Target	592.20
Upside Target	642.00
Upside Target	651.85
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	616.78
Downside Intraday Target	599.07
Upside Intraday Target	652.03
Upside Intraday Target	669.57
Downside Intraday Target	634.32

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	634.50	642.35	651.85	616.60	0.394 times
27 Fri Dec 2024	642.35	602.00	647.70	592.20	1.582 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

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
31 Tue Dec 2024	634.50	590.10	672.55	578.35	1.427 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 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 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 gaining momentum.

MACD generated a BUY signal for Elecon Engineering in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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 and BUY 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

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 629.43 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 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.