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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 2024-03-06 View latest technical analysis

10 day averaged volume of Elecon Engineering is 186190

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	942.60	981.10	982.25	933.00	1.287 times
05 Tue Mar 2024	981.70	998.00	999.00	976.00	0.718 times
04 Mon Mar 2024	991.05	999.45	1001.55	975.40	0.597 times
02 Sat Mar 2024	998.90	987.00	1007.00	980.05	0.079 times
01 Fri Mar 2024	989.90	998.90	1009.80	986.05	0.605 times
29 Thu Feb 2024	1002.15	943.40	1013.90	911.00	2.978 times
28 Wed Feb 2024	938.80	966.00	971.00	924.00	1.096 times
27 Tue Feb 2024	951.00	1000.00	1006.90	933.00	1.768 times
26 Mon Feb 2024	999.25	1024.00	1025.95	995.00	0.634 times
23 Fri Feb 2024	1018.90	1005.00	1028.70	999.00	0.847 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 936.8, for a target of 970.3 or 998.31

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	850.80
Downside Target	905.00
Downside Target	933.00
Upside 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	916.55
Downside Intraday Target	890.5
Upside Intraday Target	985.1
Upside Intraday Target	1027.6
Upside Intraday Target	959.05

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	942.60	999.45	1001.55	933.00	0.363 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
06 Wed Mar 2024	942.60	998.90	1009.80	933.00	0.144 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 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 short 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 short to mid 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 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 Strong 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 978.29 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 negative.

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