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 2024-10-14 View latest technical analysis

10 day averaged volume of Elecon Engineering is 675413

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	695.65	692.25	711.65	688.35	0.582 times
11 Fri Oct 2024	689.70	701.85	717.85	681.00	0.945 times
10 Thu Oct 2024	702.00	662.05	709.40	655.55	2.438 times
09 Wed Oct 2024	655.55	642.95	658.35	634.00	0.634 times
08 Tue Oct 2024	637.85	625.95	641.00	618.00	0.574 times
07 Mon Oct 2024	624.95	675.45	675.45	621.05	1.337 times
04 Fri Oct 2024	675.80	689.05	699.90	672.10	0.596 times
03 Thu Oct 2024	689.85	684.50	706.50	671.60	0.906 times
01 Tue Oct 2024	696.45	705.00	719.80	690.30	0.901 times
30 Mon Sep 2024	700.05	696.50	704.75	685.80	0.615 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 694.2, but if it comes below 694.2, then a intra day sell could be more profitable.
If you take a sell trade below 694.2, then use 694.2 as stoploss and 664.3 as target. However if you take a buy trade in stock , then use 694.2 as stoploss and 730 as target.

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
Downside Target	688.35
Upside Target	710.00
Upside Target	717.85
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	685.45
Downside Intraday Target	675.25
Upside Intraday Target	708.75
Upside Intraday Target	721.85
Upside Intraday Target	698.55

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	695.65	692.25	711.65	688.35	0.098 times
11 Fri Oct 2024	689.70	675.45	717.85	618.00	1.965 times
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

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 Mon Oct 2024	695.65	705.00	719.80	618.00	0.447 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 679.18 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 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.