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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 2025-02-21 View latest technical analysis

10 day averaged volume of Elecon Engineering is 570111

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Feb 2025	475.40	481.50	486.35	466.45	0.386 times
20 Thu Feb 2025	477.90	466.70	480.50	456.40	0.739 times
19 Wed Feb 2025	466.75	445.85	474.00	440.35	0.696 times
18 Tue Feb 2025	445.30	450.40	453.95	431.00	0.965 times
17 Mon Feb 2025	445.85	458.10	461.05	439.55	0.852 times
14 Fri Feb 2025	461.05	490.05	498.00	453.35	0.549 times
13 Thu Feb 2025	484.40	468.95	491.20	466.10	0.937 times
12 Wed Feb 2025	464.30	466.55	473.35	444.50	1.287 times
11 Tue Feb 2025	464.30	503.25	504.05	444.85	3.066 times
10 Mon Feb 2025	507.35	515.10	518.45	503.10	0.5 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 463.8 as stoploss in an intra day buy trade for a target of 490.54. However, stock will show a bearish move below 463.8.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	431.00
Downside Target	444.50
Downside Target	472.65
Upside Target	486.35
Upside 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	643.50
Upside Target	672.55
Upside Target	739.10

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	442.15
Downside Intraday Target	408.9
Upside Intraday Target	497.5
Upside Intraday Target	519.6
Downside Intraday Target	464.25

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Feb 2025	475.40	458.10	486.35	431.00	0.574 times
14 Fri Feb 2025	461.05	515.10	518.45	444.50	1.11 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

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
21 Fri Feb 2025	475.40	529.25	529.25	431.00	0.803 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Elecon Engineering in short term but the buy signal is initial and weak.

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 in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Elecon Engineering in short term and BUY 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 466.36 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.