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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 2024-03-19 View latest technical analysis

10 day averaged volume of Elecon Engineering is 444851

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	839.10	856.50	856.50	832.05	0.255 times
18 Mon Mar 2024	848.45	870.00	878.50	842.50	0.497 times
15 Fri Mar 2024	872.95	855.30	893.35	841.00	4.344 times
14 Thu Mar 2024	844.00	823.00	860.00	790.30	0.806 times
13 Wed Mar 2024	809.80	879.95	884.70	795.10	1.272 times
12 Tue Mar 2024	870.25	930.05	952.00	859.00	0.947 times
11 Mon Mar 2024	942.85	962.35	963.00	921.00	0.645 times
07 Thu Mar 2024	962.35	945.75	965.90	930.45	0.399 times
06 Wed Mar 2024	942.60	981.10	982.25	933.00	0.539 times
05 Tue Mar 2024	981.70	998.00	999.00	976.00	0.301 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 874.7, but if it comes above 874.7, then a intra day buy could be more profitable.
If you take a sell trade below 874.7, then use 874.7 as stoploss and 796.2 as target. However if you take a buy trade in stock , then use 874.7 as stoploss and 940.04 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	790.30
Downside Target	832.05
Upside Target	850.80
Upside Target	878.50
Upside Target	905.00
Upside Target	930.45
Upside Target	963.00
Upside Target	984.00
Upside Target	1001.55
Upside Target	1009.80
Upside Target	1025.95
Upside Target	1059.90
Upside Target	1109.20
Upside Target	1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	821.27
Downside Intraday Target	803.43
Upside Intraday Target	867.72
Upside Intraday Target	896.33
Upside Intraday Target	849.88

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	839.10	870.00	878.50	832.05	0.094 times
15 Fri Mar 2024	872.95	962.35	963.00	790.30	5.384 times
07 Thu Mar 2024	962.35	999.45	1001.55	930.45	0.497 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

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
19 Tue Mar 2024	839.10	998.90	1009.80	790.30	1.101 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 875.35 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.