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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 2025-01-09 View latest technical analysis

10 day averaged volume of Elecon Engineering is 379349

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	605.30	610.15	612.50	601.25	0.479 times
08 Wed Jan 2025	605.75	618.10	623.95	594.55	1.031 times
07 Tue Jan 2025	611.70	611.50	613.20	601.00	0.683 times
06 Mon Jan 2025	605.30	633.85	636.85	600.50	1.226 times
03 Fri Jan 2025	633.85	630.30	643.45	624.05	0.707 times
02 Thu Jan 2025	630.30	635.95	641.55	628.05	0.417 times
01 Wed Jan 2025	635.50	634.60	643.50	629.80	0.468 times
31 Tue Dec 2024	634.50	630.00	651.85	630.00	1.24 times
30 Mon Dec 2024	629.20	642.35	646.75	616.60	0.796 times
27 Fri Dec 2024	642.35	645.00	647.70	625.00	0.782 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 609.8, but if it comes above 609.8, then a intra day buy could be more profitable.
If you take a sell trade below 609.8, then use 609.8 as stoploss and 590.3 as target. However if you take a buy trade in stock , then use 609.8 as stoploss and 626.06 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	578.35
Downside Target	592.20
Upside Target	636.85
Upside Target	643.50
Upside Target	647.70
Upside Target	651.85
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	587.62
Downside Intraday Target	569.93
Upside Intraday Target	629.92
Upside Intraday Target	654.53
Upside Intraday Target	612.23

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	605.30	633.85	636.85	594.55	0.943 times
03 Fri Jan 2025	633.85	642.35	651.85	616.60	0.702 times
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

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 Thu Jan 2025	605.30	634.60	643.50	594.55	0.179 times
31 Tue Dec 2024	634.50	590.10	672.55	578.35	1.427 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

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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 SELL signal for Elecon Engineering in short term and the sell signal is strong.

Elecon Engineering Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

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 622.39 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 positive

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