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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 2024-03-04 View latest technical analysis

10 day averaged volume of Elecon Engineering is 194410

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	991.05	999.45	1001.55	975.40	0.572 times
02 Sat Mar 2024	998.90	987.00	1007.00	980.05	0.076 times
01 Fri Mar 2024	989.90	998.90	1009.80	986.05	0.58 times
29 Thu Feb 2024	1002.15	943.40	1013.90	911.00	2.852 times
28 Wed Feb 2024	938.80	966.00	971.00	924.00	1.049 times
27 Tue Feb 2024	951.00	1000.00	1006.90	933.00	1.694 times
26 Mon Feb 2024	999.25	1024.00	1025.95	995.00	0.608 times
23 Fri Feb 2024	1018.90	1005.00	1028.70	999.00	0.811 times
22 Thu Feb 2024	997.30	997.00	1009.55	991.00	0.647 times
21 Wed Feb 2024	999.40	1031.80	1036.00	986.05	1.01 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 978.7 as stoploss in an intra day buy trade for a target of 1007.06. However, stock will show a bearish move below 978.7.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	850.80
Downside Target	905.00
Downside Target	971.35
Upside Target	1001.55
Upside Target	1009.80
Upside Target	1025.95
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	977.12
Downside Intraday Target	963.18
Upside Intraday Target	1003.27
Upside Intraday Target	1015.48
Downside Intraday Target	989.33

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	991.05	999.45	1001.55	975.40	0.083 times
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

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
04 Mon Mar 2024	991.05	998.90	1009.80	975.40	0.056 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 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 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 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 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.

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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 985.9 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.