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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 2025-01-16 View latest technical analysis

10 day averaged volume of Elecon Engineering is 392858

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	598.15	605.00	617.30	592.15	1.334 times
15 Wed Jan 2025	617.30	563.65	638.30	563.05	1.721 times
14 Tue Jan 2025	566.20	551.65	570.65	533.85	1.374 times
13 Mon Jan 2025	550.95	575.00	588.00	548.05	1.541 times
10 Fri Jan 2025	594.95	605.00	606.75	584.00	0.976 times
09 Thu Jan 2025	605.30	610.15	612.50	601.25	0.463 times
08 Wed Jan 2025	605.75	618.10	623.95	594.55	0.996 times
07 Tue Jan 2025	611.70	611.50	613.20	601.00	0.66 times
06 Mon Jan 2025	605.30	633.85	636.85	600.50	1.184 times
03 Fri Jan 2025	633.85	630.30	643.45	624.05	0.683 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 589.3 as stoploss in an intra day buy trade for a target of 612.63. However, stock will show a bearish move below 589.3.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	527.55
Downside Target	578.35
Upside Target	636.85
Upside Target	638.30
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	541.9
Downside Intraday Target	485.65
Upside Intraday Target	646.35
Upside Intraday Target	694.55
Downside Intraday Target	590.1

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	598.15	575.00	638.30	533.85	1.395 times
10 Fri Jan 2025	594.95	633.85	636.85	584.00	1.221 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

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
16 Thu Jan 2025	598.15	634.60	643.50	533.85	0.435 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Elecon Engineering in short term and the sell 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 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 and selling is picking up 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 595.03 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 negative.

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