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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 2025-02-10 View latest technical analysis

10 day averaged volume of Elecon Engineering is 554127

Date	Daily Closing Price	Open	High	Low	Volume
10 Mon Feb 2025	507.35	515.10	518.45	503.10	0.515 times
07 Fri Feb 2025	510.80	516.10	523.35	508.00	0.419 times
06 Thu Feb 2025	516.10	502.30	519.00	498.95	0.581 times
05 Wed Feb 2025	500.40	498.35	510.00	492.45	0.699 times
04 Tue Feb 2025	494.95	480.00	499.95	472.65	1.813 times
03 Mon Feb 2025	480.35	529.25	529.25	477.60	2.362 times
31 Fri Jan 2025	532.40	521.00	537.55	516.15	0.467 times
30 Thu Jan 2025	520.15	525.35	529.05	515.10	0.593 times
29 Wed Jan 2025	517.75	516.00	549.25	511.05	1.193 times
28 Tue Jan 2025	519.00	527.50	535.00	502.05	1.165 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 503 as stoploss in an intra day buy trade for a target of 543.56. However, stock will show a bearish move below 503.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	472.65
Downside Target	502.05
Upside Target	518.45
Upside Target	549.25
Upside Target	578.35
Upside Target	613.00
Upside Target	613.80
Upside Target	638.30
Upside Target	643.50
Upside Target	672.55
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	500.82
Downside Intraday Target	494.28
Upside Intraday Target	516.17
Upside Intraday Target	524.98
Upside Intraday Target	509.63

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Mon Feb 2025	507.35	515.10	518.45	503.10	0.088 times
07 Fri Feb 2025	510.80	529.25	529.25	472.65	1.424 times
31 Fri Jan 2025	532.40	540.00	549.25	502.05	0.565 times
24 Fri Jan 2025	544.25	591.00	613.80	531.90	1.607 times
17 Fri Jan 2025	590.25	575.00	638.30	533.85	1.499 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
10 Mon Feb 2025	507.35	529.25	529.25	472.65	0.318 times
31 Fri Jan 2025	532.40	634.60	643.50	502.05	1.046 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

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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 SELL. Signal strength is Strong 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 negative zone. This is the SELL 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 503.34 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.