Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-09 View latest technical analysis

10 day averaged volume of Elecon Engineering is 576714

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	625.65	630.95	640.95	621.10	0.366 times
06 Fri Dec 2024	630.95	630.40	641.65	628.00	0.467 times
05 Thu Dec 2024	630.05	646.50	648.60	624.10	0.671 times
04 Wed Dec 2024	638.25	627.00	652.00	625.45	2.359 times
03 Tue Dec 2024	622.80	588.25	626.00	588.20	2.346 times
02 Mon Dec 2024	588.25	590.10	591.20	578.35	0.316 times
29 Fri Nov 2024	584.75	582.40	588.65	574.00	0.311 times
28 Thu Nov 2024	584.05	582.65	591.65	578.40	0.329 times
27 Wed Nov 2024	582.65	572.00	594.75	570.00	0.704 times
26 Tue Nov 2024	570.40	561.50	576.30	556.00	1.725 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 613.8, but if it comes below 613.8, then a intra day sell could be more profitable.
If you take a sell trade below 613.8, then use 613.8 as stoploss and 585.25 as target. However if you take a buy trade in stock , then use 613.8 as stoploss and 648.1 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Downside Target	577.00
Downside Target	602.00
Downside Target	613.00
Downside Target	621.10
Upside Target	640.95
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	617.52
Downside Intraday Target	609.38
Upside Intraday Target	637.37
Upside Intraday Target	649.08
Upside Intraday Target	629.23

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	625.65	630.95	640.95	621.10	0.059 times
06 Fri Dec 2024	630.95	590.10	652.00	578.35	1.603 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

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
09 Mon Dec 2024	625.65	590.10	652.00	578.35	0.504 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 and the buy signal is strong.

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 611.54 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.