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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 2024-12-02 View latest technical analysis

10 day averaged volume of Elecon Engineering is 409940

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	588.25	590.10	591.20	578.35	0.444 times
29 Fri Nov 2024	584.75	582.40	588.65	574.00	0.437 times
28 Thu Nov 2024	584.05	582.65	591.65	578.40	0.463 times
27 Wed Nov 2024	582.65	572.00	594.75	570.00	0.991 times
26 Tue Nov 2024	570.40	561.50	576.30	556.00	2.426 times
25 Mon Nov 2024	595.15	566.00	602.00	565.90	1.087 times
22 Fri Nov 2024	560.95	562.50	566.25	549.05	0.822 times
21 Thu Nov 2024	564.85	573.10	573.10	548.15	0.739 times
19 Tue Nov 2024	573.10	549.80	581.95	543.80	1.156 times
18 Mon Nov 2024	548.05	557.00	557.00	537.45	0.809 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 591.6 as stoploss in an intra day sell trade for a target of 575.45. However, stock will show a bullish move above 591.6.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Upside Target	591.20
Upside Target	602.00
Upside Target	604.20
Upside Target	613.00
Upside Target	642.00
Upside Target	710.00
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	580.67
Downside Intraday Target	573.08
Upside Intraday Target	593.52
Upside Intraday Target	598.78
Downside Intraday Target	585.93

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	588.25	590.10	591.20	578.35	0.082 times
29 Fri Nov 2024	584.75	566.00	602.00	556.00	1.533 times
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

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
02 Mon Dec 2024	588.25	590.10	591.20	578.35	0.024 times
29 Fri Nov 2024	584.75	580.45	613.00	530.15	0.349 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

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 neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Strong and stock is gaining 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 and selling is picking up 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 573.89 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 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.