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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 2024-11-22 View latest technical analysis

10 day averaged volume of Elecon Engineering is 387530

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	560.95	562.50	566.25	549.05	0.869 times
21 Thu Nov 2024	564.85	573.10	573.10	548.15	0.782 times
19 Tue Nov 2024	573.10	549.80	581.95	543.80	1.223 times
18 Mon Nov 2024	548.05	557.00	557.00	537.45	0.855 times
14 Thu Nov 2024	558.50	548.00	560.40	530.15	1.131 times
13 Wed Nov 2024	543.80	549.15	568.65	536.95	1.437 times
12 Tue Nov 2024	557.50	568.00	577.00	552.50	0.687 times
11 Mon Nov 2024	573.75	569.00	576.00	555.05	0.755 times
08 Fri Nov 2024	571.60	587.75	592.75	568.00	0.677 times
07 Thu Nov 2024	593.70	610.75	610.75	586.30	1.46 times

My analysis of stock is bearish for shortterm, and stock might move down till 550.9 or till 530.1. Use a stoploss of 568.24 and if the stock hits stoploss, then it can shoot up till 585.59

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Upside Target	562.00
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	538.28
Downside Intraday Target	515.62
Upside Intraday Target	582.78
Upside Intraday Target	604.62
Downside Intraday Target	560.12

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	560.95	557.00	581.95	537.45	0.93 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 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
22 Fri Nov 2024	560.95	580.45	613.00	530.15	0.245 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short to mid 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

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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

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 565.18 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.