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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 2025-04-17 View latest technical analysis

10 day averaged volume of Elecon Engineering is 387833

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Apr 2025	470.25	464.30	476.00	461.95	1.488 times
16 Wed Apr 2025	464.45	467.45	475.70	462.05	1.211 times
15 Tue Apr 2025	463.15	450.00	466.00	442.65	1.532 times
11 Fri Apr 2025	436.05	430.00	438.00	418.40	0.928 times
09 Wed Apr 2025	414.55	418.40	419.95	405.55	0.631 times
08 Tue Apr 2025	418.40	423.00	431.80	415.70	0.965 times
07 Mon Apr 2025	415.60	403.80	418.70	387.00	1.516 times
04 Fri Apr 2025	434.25	457.00	457.10	430.10	0.936 times
03 Thu Apr 2025	455.10	447.00	458.40	446.35	0.707 times
02 Wed Apr 2025	451.05	450.80	454.05	435.10	0.781 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 459.9, but if it comes below 459.9, then a intra day sell could be more profitable.
If you take a sell trade below 459.9, then use 459.9 as stoploss and 442.3 as target. However if you take a buy trade in stock , then use 459.9 as stoploss and 481.1 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	376.95
Downside Target	385.60
Downside Target	410.95
Downside Target	430.10
Downside Target	458.40
Upside Target	476.00
Upside Target	494.40
Upside Target	502.05
Upside Target	529.25
Upside Target	578.35
Upside Target	643.50
Upside Target	672.55

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	449.93
Downside Intraday Target	429.62
Upside Intraday Target	483.28
Upside Intraday Target	496.32
Downside Intraday Target	462.97

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Apr 2025	470.25	450.00	476.00	442.65	1.047 times
11 Fri Apr 2025	436.05	403.80	438.00	387.00	1.255 times
04 Fri Apr 2025	434.25	448.00	458.40	430.10	0.178 times
28 Fri Mar 2025	449.15	447.00	494.40	430.60	1.921 times
21 Fri Mar 2025	439.95	395.70	459.95	385.60	2.001 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
17 Thu Apr 2025	470.25	448.00	476.00	387.00	0.258 times
28 Fri Mar 2025	449.15	420.05	494.40	376.95	1.689 times
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

Scroll below to view daily charts

Price has moved up 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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 moving up

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 and selling is picking up 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 444.34 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 rising upwards.

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 is giving positive 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.