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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 2024-10-17 View latest technical analysis

10 day averaged volume of Elecon Engineering is 717759

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	721.45	734.50	739.10	712.95	0.87 times
16 Wed Oct 2024	731.25	713.00	739.00	706.05	1.837 times
15 Tue Oct 2024	707.95	697.95	713.40	689.00	0.624 times
14 Mon Oct 2024	695.65	692.25	711.65	688.35	0.547 times
11 Fri Oct 2024	689.70	701.85	717.85	681.00	0.889 times
10 Thu Oct 2024	702.00	662.05	709.40	655.55	2.294 times
09 Wed Oct 2024	655.55	642.95	658.35	634.00	0.597 times
08 Tue Oct 2024	637.85	625.95	641.00	618.00	0.54 times
07 Mon Oct 2024	624.95	675.45	675.45	621.05	1.258 times
04 Fri Oct 2024	675.80	689.05	699.90	672.10	0.561 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 709.4, but if it comes below 709.4, then a intra day sell could be more profitable.
If you take a sell trade below 709.4, then use 709.4 as stoploss and 678.35 as target. However if you take a buy trade in stock , then use 709.4 as stoploss and 746.6 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
Downside Target	710.00
Downside Target	719.80
Upside Target	739.10
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	693.5
Downside Intraday Target	665.55
Upside Intraday Target	744.25
Upside Intraday Target	767.05
Downside Intraday Target	716.3

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	721.45	692.25	739.10	688.35	0.695 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
17 Thu Oct 2024	721.45	705.00	739.10	618.00	0.625 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 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 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 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 and the buy signal is strong.

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 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 negative zone. This is the SELL 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 690.61 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 positive

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