Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-14 View latest technical analysis

10 day averaged volume of Elecon Engineering is 523357

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	596.25	601.45	601.45	583.00	0.426 times
13 Tue Aug 2024	598.15	599.05	613.65	593.70	0.66 times
12 Mon Aug 2024	595.70	579.80	598.00	565.70	0.791 times
09 Fri Aug 2024	582.00	591.35	594.65	581.00	0.402 times
08 Thu Aug 2024	588.80	596.00	596.65	582.10	0.528 times
07 Wed Aug 2024	593.70	578.95	601.90	564.05	1.413 times
06 Tue Aug 2024	565.05	580.00	593.95	562.00	1.763 times
05 Mon Aug 2024	572.60	590.10	598.80	564.75	1.354 times
02 Fri Aug 2024	608.40	636.05	642.00	602.05	1.378 times
01 Thu Aug 2024	636.50	634.70	639.50	626.00	0.523 times

My analysis of stock is bearish for shortterm, and stock might move down till 495.5 or till 318. Use a stoploss of 643.4 and if the stock hits stoploss, then it can shoot up till 791.32

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Upside Target	601.90
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	570.08
Downside Intraday Target	543.92
Upside Intraday Target	618.03
Upside Intraday Target	639.82
Downside Intraday Target	591.87

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	596.25	579.80	613.65	565.70	0.344 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
14 Wed Aug 2024	596.25	634.70	642.00	562.00	0.259 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Elecon Engineering in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Elecon Engineering is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 589.57 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.