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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 2024-08-12 View latest technical analysis

10 day averaged volume of Elecon Engineering is 552829

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	595.70	579.80	598.00	565.70	0.749 times
09 Fri Aug 2024	582.00	591.35	594.65	581.00	0.38 times
08 Thu Aug 2024	588.80	596.00	596.65	582.10	0.5 times
07 Wed Aug 2024	593.70	578.95	601.90	564.05	1.338 times
06 Tue Aug 2024	565.05	580.00	593.95	562.00	1.669 times
05 Mon Aug 2024	572.60	590.10	598.80	564.75	1.282 times
02 Fri Aug 2024	608.40	636.05	642.00	602.05	1.305 times
01 Thu Aug 2024	636.50	634.70	639.50	626.00	0.495 times
31 Wed Jul 2024	630.10	627.30	639.95	617.90	1.124 times
30 Tue Jul 2024	632.35	639.45	652.00	621.65	0.957 times

My analysis of stock is bearish for shortterm, and stock might move down till 467.1 or till 169.6. Use a stoploss of 715.05 and if the stock hits stoploss, then it can shoot up till 962.98

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Upside Target	598.00
Upside Target	632.80
Upside Target	920.05
Upside Target	954.00
Upside Target	954.75
Upside Target	1188.60
Upside Target	1245.00
Upside Target	1337.00
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	574.93
Downside Intraday Target	554.17
Upside Intraday Target	607.23
Upside Intraday Target	618.77
Downside Intraday Target	586.47

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	595.70	579.80	598.00	565.70	0.145 times
09 Fri Aug 2024	582.00	590.10	601.90	562.00	1.07 times
02 Fri Aug 2024	608.40	631.50	652.00	602.05	0.702 times
26 Fri Jul 2024	626.90	631.00	642.85	582.00	0.479 times
19 Fri Jul 2024	641.00	1300.95	1337.00	632.80	2.245 times

Price has moved up 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
12 Mon Aug 2024	595.70	634.70	642.00	562.00	0.229 times
31 Wed Jul 2024	630.10	1302.00	1409.00	582.00	1.262 times
28 Fri Jun 2024	1322.10	1180.00	1380.00	954.00	2.263 times
31 Fri May 2024	1109.10	1138.05	1188.60	920.05	0.839 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 BUY signal for Elecon Engineering in short term but the buy signal is initial and weak.

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

Elecon Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 597.58 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.