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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 2024-11-18 View latest technical analysis

10 day averaged volume of Elecon Engineering is 380166

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	548.05	557.00	557.00	537.45	0.872 times
14 Thu Nov 2024	558.50	548.00	560.40	530.15	1.153 times
13 Wed Nov 2024	543.80	549.15	568.65	536.95	1.465 times
12 Tue Nov 2024	557.50	568.00	577.00	552.50	0.701 times
11 Mon Nov 2024	573.75	569.00	576.00	555.05	0.77 times
08 Fri Nov 2024	571.60	587.75	592.75	568.00	0.69 times
07 Thu Nov 2024	593.70	610.75	610.75	586.30	1.488 times
06 Wed Nov 2024	610.75	580.00	613.00	579.20	1.011 times
05 Tue Nov 2024	579.90	587.70	590.00	575.60	0.747 times
04 Mon Nov 2024	585.00	582.20	596.45	575.60	1.776 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 552.9, but if it comes above 552.9, then a intra day buy could be more profitable.
If you take a sell trade below 552.9, then use 552.9 as stoploss and 529.4 as target. However if you take a buy trade in stock , then use 552.9 as stoploss and 572.43 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Upside Target	557.00
Upside Target	588.00
Upside Target	604.20
Upside Target	613.00
Upside Target	637.65
Upside Target	642.00
Upside Target	710.00
Upside Target	739.10
Upside Target	1409.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	538
Downside Intraday Target	527.95
Upside Intraday Target	557.55
Upside Intraday Target	567.05
Downside Intraday Target	547.5

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	548.05	557.00	557.00	537.45	0.213 times
14 Thu Nov 2024	558.50	569.00	577.00	530.15	0.716 times
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

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
18 Mon Nov 2024	548.05	580.45	613.00	530.15	0.193 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 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 losing 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 but selling is losing 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 573.27 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.