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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 2024-12-05 View latest technical analysis

10 day averaged volume of Elecon Engineering is 575052

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	630.05	646.50	648.60	624.10	0.673 times
04 Wed Dec 2024	638.25	627.00	652.00	625.45	2.365 times
03 Tue Dec 2024	622.80	588.25	626.00	588.20	2.352 times
02 Mon Dec 2024	588.25	590.10	591.20	578.35	0.317 times
29 Fri Nov 2024	584.75	582.40	588.65	574.00	0.312 times
28 Thu Nov 2024	584.05	582.65	591.65	578.40	0.33 times
27 Wed Nov 2024	582.65	572.00	594.75	570.00	0.706 times
26 Tue Nov 2024	570.40	561.50	576.30	556.00	1.73 times
25 Mon Nov 2024	595.15	566.00	602.00	565.90	0.775 times
22 Fri Nov 2024	560.95	562.50	566.25	549.05	0.586 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 639.2, for a target of 608.3 or 582.65

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Downside Target	602.00
Downside Target	604.20
Downside Target	613.00
Upside Target	642.00
Upside Target	652.00
Upside Target	710.00
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	588.27
Downside Intraday Target	546.48
Upside Intraday Target	661.92
Upside Intraday Target	693.78
Downside Intraday Target	620.13

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Dec 2024	630.05	590.10	652.00	578.35	1.481 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
05 Thu Dec 2024	630.05	590.10	652.00	578.35	0.44 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 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 mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Elecon Engineering stock for short term is BUY. Signal strength is Strong 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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 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 605.96 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 positive

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