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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 2024-12-27 View latest technical analysis

10 day averaged volume of Elecon Engineering is 380885

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	642.35	645.00	647.70	625.00	0.779 times
26 Thu Dec 2024	641.70	628.00	646.50	621.50	2.639 times
24 Tue Dec 2024	627.50	604.15	639.40	602.00	1.038 times
23 Mon Dec 2024	602.40	602.00	619.95	592.20	0.69 times
20 Fri Dec 2024	601.75	620.40	623.65	597.00	0.448 times
19 Thu Dec 2024	617.85	607.00	625.00	602.00	0.632 times
18 Wed Dec 2024	613.05	635.40	638.40	611.45	0.901 times
17 Tue Dec 2024	638.40	645.00	652.45	630.35	0.742 times
16 Mon Dec 2024	645.40	649.30	657.90	642.40	0.529 times
13 Fri Dec 2024	648.35	651.00	656.35	643.50	0.827 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 649.5 as stoploss in an intra day sell trade for a target of 628.41. However, stock will show a bullish move above 649.5.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	556.00
Downside Target	578.35
Downside Target	592.20
Downside Target	642.00
Upside Target	647.70
Upside Target	652.00
Upside Target	657.90
Upside Target	672.55
Upside Target	710.00
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	607.13
Downside Intraday Target	571.92
Upside Intraday Target	662.63
Upside Intraday Target	682.92
Downside Intraday Target	627.42

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	642.35	602.00	647.70	592.20	1.582 times
20 Fri Dec 2024	601.75	649.30	657.90	597.00	0.396 times
13 Fri Dec 2024	648.35	630.95	672.55	621.10	0.881 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elecon Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	642.35	590.10	672.55	578.35	1.324 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 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.

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 Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 631.39 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 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 positive

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