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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 2024-11-08 View latest technical analysis

10 day averaged volume of Elecon Engineering is 616529

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	571.60	587.75	592.75	568.00	0.425 times
07 Thu Nov 2024	593.70	610.75	610.75	586.30	0.918 times
06 Wed Nov 2024	610.75	580.00	613.00	579.20	0.623 times
05 Tue Nov 2024	579.90	587.70	590.00	575.60	0.46 times
04 Mon Nov 2024	585.00	582.20	596.45	575.60	1.095 times
01 Fri Nov 2024	582.20	580.45	588.00	577.00	0.123 times
31 Thu Oct 2024	574.70	549.00	579.15	547.55	0.867 times
30 Wed Oct 2024	551.10	550.95	556.85	535.60	1.138 times
29 Tue Oct 2024	548.75	555.05	563.90	538.75	0.826 times
28 Mon Oct 2024	564.00	545.75	568.65	530.75	1.38 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 550.4 as stoploss in an intra day buy trade for a target of 607.48. However, stock will show a bearish move below 550.4.

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	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	555.4
Downside Intraday Target	539.2
Upside Intraday Target	600.4
Upside Intraday Target	629.2
Upside Intraday Target	584.2

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	571.60	582.20	613.00	568.00	0.813 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 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
08 Fri Nov 2024	571.60	580.45	613.00	568.00	0.105 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Elecon Engineering in short term but the buy signal is initial and weak.

Elecon Engineering Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 573.44 and Elecon Engineering (ELECON) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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