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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 2024-10-25 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1223921

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	541.55	581.10	584.25	527.55	1.294 times
24 Thu Oct 2024	581.10	600.45	601.30	574.15	0.441 times
23 Wed Oct 2024	599.15	591.50	606.20	590.30	0.591 times
22 Tue Oct 2024	588.95	603.95	603.95	571.40	1.314 times
21 Mon Oct 2024	594.50	636.15	637.65	585.10	1.933 times
18 Fri Oct 2024	626.40	718.70	718.70	621.00	2.925 times
17 Thu Oct 2024	721.45	734.50	739.10	712.95	0.51 times
16 Wed Oct 2024	731.25	713.00	739.00	706.05	1.077 times
15 Tue Oct 2024	707.95	697.95	713.40	689.00	0.366 times
14 Mon Oct 2024	695.65	692.25	711.65	688.35	0.321 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 540.9, for a target of 604.6 or 657.77

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Upside Target	562.00
Upside Target	582.00
Upside Target	604.20
Upside Target	618.00
Upside Target	636.10
Upside Target	671.60
Upside Target	710.00
Upside 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	500.18
Downside Intraday Target	458.82
Upside Intraday Target	610.28
Upside Intraday Target	679.02
Upside Intraday Target	568.92

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	541.55	636.15	637.65	527.55	1.072 times
18 Fri Oct 2024	626.40	692.25	739.10	621.00	1.589 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

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
25 Fri Oct 2024	541.55	705.00	739.10	527.55	1.398 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

Price action analysis of Elecon Engineering ( (ELECON) ) based on a mid to longer 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.

ADX buy sell signal for Elecon Engineering stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Elecon Engineering in short term and the sell signal is strong.

Elecon Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 622.38 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 negative.

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