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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 2024-09-02 View latest technical analysis

10 day averaged volume of Elecon Engineering is 217000

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	620.55	627.00	633.95	613.00	2.831 times
30 Fri Aug 2024	621.45	615.10	623.00	612.00	0.869 times
29 Thu Aug 2024	615.15	610.20	618.65	610.20	0.627 times
28 Wed Aug 2024	615.85	620.50	621.10	610.95	0.916 times
27 Tue Aug 2024	617.00	610.20	619.50	607.30	1.182 times
26 Mon Aug 2024	610.20	616.50	616.50	606.75	1.018 times
23 Fri Aug 2024	610.95	609.15	614.00	605.00	0.832 times
22 Thu Aug 2024	607.00	611.70	613.35	600.60	1.396 times
21 Wed Aug 2024	612.65	608.90	615.00	604.80	0.929 times
20 Tue Aug 2024	610.40	608.90	616.55	606.00	0.935 times

Stock of Elecon Engineering (ELECON) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 617.5, but if it comes below 617.5, then a intra day sell could be more profitable.
If you take a sell trade below 617.5, then use 617.5 as stoploss and 602.22 as target. However if you take a buy trade in stock , then use 617.5 as stoploss and 635.8 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	600.60
Upside Target	633.95
Upside Target	642.00
Upside Target	920.05
Upside Target	954.00
Upside Target	1188.60
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	611.05
Downside Intraday Target	601.55
Upside Intraday Target	632
Upside Intraday Target	643.45
Upside Intraday Target	622.5

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	620.55	627.00	633.95	613.00	0.614 times
30 Fri Aug 2024	621.45	616.50	623.00	606.75	0.856 times
23 Fri Aug 2024	610.95	608.00	616.55	600.60	0.936 times
16 Fri Aug 2024	605.55	579.80	613.65	565.70	0.437 times
09 Fri Aug 2024	582.00	590.10	601.90	562.00	1.07 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
02 Mon Sep 2024	620.55	627.00	633.95	613.00	0.084 times
30 Fri Aug 2024	621.45	634.70	642.00	562.00	0.39 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

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 to mid 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 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 Weak and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 buy signal for Elecon Engineering in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 614.88 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 rising upwards.

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 is giving positive 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.