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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 2025-02-28 View latest technical analysis

10 day averaged volume of Elecon Engineering is 384613

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Feb 2025	414.20	437.00	437.00	410.95	0.905 times
27 Thu Feb 2025	437.45	450.00	453.25	433.50	0.964 times
25 Tue Feb 2025	448.10	468.90	479.95	446.00	0.845 times
24 Mon Feb 2025	464.45	466.00	475.20	458.65	0.594 times
21 Fri Feb 2025	475.40	481.50	486.35	466.45	0.573 times
20 Thu Feb 2025	477.90	466.70	480.50	456.40	1.096 times
19 Wed Feb 2025	466.75	445.85	474.00	440.35	1.032 times
18 Tue Feb 2025	445.30	450.40	453.95	431.00	1.431 times
17 Mon Feb 2025	445.85	458.10	461.05	439.55	1.263 times
14 Fri Feb 2025	461.05	490.05	498.00	453.35	0.814 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 411.1, for a target of 445.7 or 474.59

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	410.95
Upside Target	431.00
Upside Target	444.50
Upside Target	472.65
Upside Target	502.05
Upside Target	518.45
Upside Target	530.15
Upside Target	549.25
Upside Target	578.35
Upside Target	613.00
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	390.12
Downside Intraday Target	366.03
Upside Intraday Target	459.12
Upside Intraday Target	504.03
Upside Intraday Target	435.03

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Feb 2025	414.20	466.00	479.95	410.95	0.613 times
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

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
28 Fri Feb 2025	414.20	529.25	529.25	410.95	0.917 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 452.3 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 negative.

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