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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 2024-03-02 View latest technical analysis

10 day averaged volume of Elecon Engineering is 211878

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	998.90	987.00	1007.00	980.05	0.07 times
01 Fri Mar 2024	989.90	998.90	1009.80	986.05	0.532 times
29 Thu Feb 2024	1002.15	943.40	1013.90	911.00	2.617 times
28 Wed Feb 2024	938.80	966.00	971.00	924.00	0.963 times
27 Tue Feb 2024	951.00	1000.00	1006.90	933.00	1.554 times
26 Mon Feb 2024	999.25	1024.00	1025.95	995.00	0.558 times
23 Fri Feb 2024	1018.90	1005.00	1028.70	999.00	0.745 times
22 Thu Feb 2024	997.30	997.00	1009.55	991.00	0.594 times
21 Wed Feb 2024	999.40	1031.80	1036.00	986.05	0.926 times
20 Tue Feb 2024	1021.55	1045.00	1053.25	1018.00	0.617 times

My analysis of stock is bearish for shortterm, and stock might move down till 980.4 or till 945. Use a stoploss of 1009.91 and if the stock hits stoploss, then it can shoot up till 1039.4

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	850.80
Downside Target	905.00
Downside Target	971.35
Upside Target	1025.95
Upside Target	1039.00
Upside Target	1059.90
Upside Target	1063.95
Upside Target	1089.00
Upside Target	1109.20
Upside Target	1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	931.28
Downside Intraday Target	863.67
Upside Intraday Target	1046.23
Upside Intraday Target	1093.57
Downside Intraday Target	978.62

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	998.90	1024.00	1025.95	911.00	1.666 times
23 Fri Feb 2024	1018.90	1030.40	1059.90	986.05	1.059 times
16 Fri Feb 2024	1020.20	1014.15	1063.95	971.35	0.847 times
09 Fri Feb 2024	1014.15	1076.60	1089.00	996.45	0.371 times
02 Fri Feb 2024	1067.30	1050.00	1122.00	1039.00	1.017 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	998.90	998.90	1009.80	980.05	0.03 times
29 Thu Feb 2024	1002.15	1106.15	1109.20	911.00	0.342 times
31 Wed Jan 2024	1100.60	932.95	1122.00	905.00	2.153 times
29 Fri Dec 2023	926.95	948.00	984.00	857.55	0.481 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Elecon Engineering in short term and the sell 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 red color and prices are in or above the red 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 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 988 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 negative.

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