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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 2024-09-06 View latest technical analysis

10 day averaged volume of Elecon Engineering is 256951

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	616.35	630.00	643.00	613.70	2.616 times
05 Thu Sep 2024	627.20	621.20	632.90	620.55	1.502 times
04 Wed Sep 2024	620.10	615.15	636.80	615.15	0.825 times
03 Tue Sep 2024	626.80	622.80	631.05	620.50	0.684 times
02 Mon Sep 2024	620.55	627.00	633.95	613.00	2.391 times
30 Fri Aug 2024	621.45	615.10	623.00	612.00	0.734 times
29 Thu Aug 2024	615.15	610.20	618.65	610.20	0.53 times
28 Wed Aug 2024	615.85	620.50	621.10	610.95	0.773 times
27 Tue Aug 2024	617.00	610.20	619.50	607.30	0.998 times
26 Mon Aug 2024	610.20	616.50	616.50	606.75	0.86 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 621.8 as stoploss in an intra day sell trade for a target of 610.73. However, stock will show a bullish move above 621.8.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	600.60
Upside Target	642.00
Upside Target	643.00
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	605.23
Downside Intraday Target	594.12
Upside Intraday Target	635.23
Upside Intraday Target	654.12
Upside Intraday Target	624.12

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	616.35	627.00	643.00	613.00	2.059 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	616.35	627.00	643.00	613.00	0.283 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 BUY. 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 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 in or above the red cloud Prices appear to be coming down

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

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 619.26 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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