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 2024-09-19 View latest technical analysis

10 day averaged volume of Elecon Engineering is 300093

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	621.65	631.00	632.95	611.05	1.46 times
18 Wed Sep 2024	630.70	626.35	640.50	623.00	0.704 times
17 Tue Sep 2024	626.35	622.45	628.80	616.40	0.752 times
16 Mon Sep 2024	622.60	639.05	639.15	620.50	0.533 times
13 Fri Sep 2024	638.05	622.65	644.90	620.05	1.394 times
12 Thu Sep 2024	622.65	619.60	626.70	614.05	0.486 times
11 Wed Sep 2024	617.30	637.65	651.70	614.50	0.961 times
10 Tue Sep 2024	633.60	625.60	637.00	620.00	0.735 times
09 Mon Sep 2024	622.65	616.45	626.00	604.20	0.908 times
06 Fri Sep 2024	616.35	630.00	643.00	613.70	2.24 times

My analysis of stock is bearish for shortterm, and stock might move down till 614.9 or till 606.5. Use a stoploss of 621.86 and if the stock hits stoploss, then it can shoot up till 628.82

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	600.60
Upside Target	640.50
Upside Target	643.00
Upside Target	651.70
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	608.3
Downside Intraday Target	594.95
Upside Intraday Target	637.75
Upside Intraday Target	653.85
Upside Intraday Target	624.4

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	621.65	639.05	640.50	611.05	0.769 times
13 Fri Sep 2024	638.05	616.45	651.70	604.20	0.653 times
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

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 Thu Sep 2024	621.65	627.00	651.70	604.20	0.611 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 up 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid 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 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 Strong 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. 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 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 624.34 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 positive

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