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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 2024-10-30 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1370430

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	551.10	550.95	556.85	535.60	0.512 times
29 Tue Oct 2024	548.75	555.05	563.90	538.75	0.372 times
28 Mon Oct 2024	564.00	545.75	568.65	530.75	0.621 times
25 Fri Oct 2024	541.55	581.10	584.25	527.55	1.156 times
24 Thu Oct 2024	581.10	600.45	601.30	574.15	0.394 times
23 Wed Oct 2024	599.15	591.50	606.20	590.30	0.528 times
22 Tue Oct 2024	588.95	603.95	603.95	571.40	1.174 times
21 Mon Oct 2024	594.50	636.15	637.65	585.10	1.726 times
18 Fri Oct 2024	626.40	718.70	718.70	621.00	2.612 times
17 Thu Oct 2024	721.45	734.50	739.10	712.95	0.456 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 575.3, but if it comes above 575.3, then a intra day buy could be more profitable.
If you take a sell trade below 575.3, then use 575.3 as stoploss and 502 as target. However if you take a buy trade in stock , then use 575.3 as stoploss and 636.38 as target.

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	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	531.68
Downside Intraday Target	512.27
Upside Intraday Target	569.58
Upside Intraday Target	588.07
Downside Intraday Target	550.17

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	551.10	545.75	568.65	530.75	0.302 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
30 Wed Oct 2024	551.10	705.00	739.10	527.55	1.551 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, and volume has increased substantially. This means that the move can 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 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 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

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 595.81 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.