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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 2024-10-04 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1067110

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	675.80	689.05	699.90	672.10	0.377 times
03 Thu Oct 2024	689.85	684.50	706.50	671.60	0.573 times
01 Tue Oct 2024	696.45	705.00	719.80	690.30	0.57 times
30 Mon Sep 2024	700.05	696.50	704.75	685.80	0.389 times
27 Fri Sep 2024	695.30	703.90	708.80	688.95	0.667 times
26 Thu Sep 2024	702.30	666.35	710.00	665.80	4.704 times
25 Wed Sep 2024	663.60	663.00	669.90	659.00	0.299 times
24 Tue Sep 2024	661.70	663.85	667.00	656.15	0.405 times
23 Mon Sep 2024	657.85	638.00	674.00	636.10	1.596 times
20 Fri Sep 2024	636.10	624.40	640.10	619.45	0.386 times

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 682.2 as stoploss in an intra day sell trade for a target of 651.55. However, stock will show a bullish move above 682.2.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	562.00
Downside Target	582.00
Downside Target	604.20
Downside Target	636.10
Downside Target	671.60
Upside Target	710.00
Upside Target	719.80
Upside Target	954.00
Upside Target	1380.00
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	658.33
Downside Intraday Target	640.87
Upside Intraday Target	706.53
Upside Intraday Target	737.27
Upside Intraday Target	689.07

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	675.80	696.50	719.80	671.60	0.249 times
27 Fri Sep 2024	695.30	638.00	710.00	636.10	5.657 times
20 Fri Sep 2024	636.10	639.05	640.50	611.05	1.075 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

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
04 Fri Oct 2024	675.80	705.00	719.80	671.60	0.121 times
30 Mon Sep 2024	700.05	627.00	710.00	604.20	1.85 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

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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elecon Engineering stock for short term is BUY. 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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up 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 687.2 and Elecon Engineering (ELECON) stock is trading below this level. This means that stock is falling with high volumes. 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 positive

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