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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 2024-11-06 View latest technical analysis

10 day averaged volume of Elecon Engineering is 647869

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	610.75	580.00	613.00	579.20	0.593 times
05 Tue Nov 2024	579.90	587.70	590.00	575.60	0.438 times
04 Mon Nov 2024	585.00	582.20	596.45	575.60	1.042 times
01 Fri Nov 2024	582.20	580.45	588.00	577.00	0.117 times
31 Thu Oct 2024	574.70	549.00	579.15	547.55	0.825 times
30 Wed Oct 2024	551.10	550.95	556.85	535.60	1.083 times
29 Tue Oct 2024	548.75	555.05	563.90	538.75	0.786 times
28 Mon Oct 2024	564.00	545.75	568.65	530.75	1.314 times
25 Fri Oct 2024	541.55	581.10	584.25	527.55	2.444 times
24 Thu Oct 2024	581.10	600.45	601.30	574.15	0.833 times

My analysis of stock is bearish for shortterm, and stock might move down till 556.8 or till 482.5. Use a stoploss of 618.8 and if the stock hits stoploss, then it can shoot up till 680.77

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	562.00
Downside Target	575.60
Downside Target	604.20
Upside Target	621.00
Upside Target	637.65
Upside Target	642.00
Upside Target	710.00
Upside Target	717.85
Upside Target	739.10
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	586.57
Downside Intraday Target	562.38
Upside Intraday Target	623.97
Upside Intraday Target	637.18
Downside Intraday Target	599.78

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	610.75	582.20	613.00	575.60	0.503 times
01 Fri Nov 2024	582.20	545.75	588.00	530.75	0.392 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

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
06 Wed Nov 2024	610.75	580.45	613.00	575.60	0.066 times
31 Thu Oct 2024	574.70	705.00	739.10	527.55	1.591 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

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 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 Weak and stock is losing 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 red color and prices are in or above the red 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 564.1 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 negative.

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