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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 2024-10-28 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1318445

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	564.00	545.75	568.65	530.75	0.645 times
25 Fri Oct 2024	541.55	581.10	584.25	527.55	1.201 times
24 Thu Oct 2024	581.10	600.45	601.30	574.15	0.409 times
23 Wed Oct 2024	599.15	591.50	606.20	590.30	0.549 times
22 Tue Oct 2024	588.95	603.95	603.95	571.40	1.22 times
21 Mon Oct 2024	594.50	636.15	637.65	585.10	1.794 times
18 Fri Oct 2024	626.40	718.70	718.70	621.00	2.715 times
17 Thu Oct 2024	721.45	734.50	739.10	712.95	0.474 times
16 Wed Oct 2024	731.25	713.00	739.00	706.05	1 times
15 Tue Oct 2024	707.95	697.95	713.40	689.00	0.34 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 595.1, but if it comes above 595.1, then a intra day buy could be more profitable.
If you take a sell trade below 595.1, then use 595.1 as stoploss and 527.8 as target. However if you take a buy trade in stock , then use 595.1 as stoploss and 651.21 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	562.00
Upside Target	582.00
Upside Target	604.20
Upside Target	618.00
Upside Target	637.65
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	540.28
Downside Intraday Target	516.57
Upside Intraday Target	578.18
Upside Intraday Target	592.37
Downside Intraday Target	554.47

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	564.00	545.75	568.65	530.75	0.125 times
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

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
28 Mon Oct 2024	564.00	705.00	739.10	527.55	1.461 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Engineering in short term but BUY signal is weak.

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 616.63 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.