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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 2025-05-02 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1751013

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	574.80	544.90	581.45	542.55	1.331 times
30 Wed Apr 2025	544.85	559.00	572.55	540.50	0.657 times
29 Tue Apr 2025	560.25	540.90	563.00	538.35	0.838 times
28 Mon Apr 2025	541.10	520.00	548.00	512.25	1.05 times
25 Fri Apr 2025	517.75	549.00	553.00	505.45	1.367 times
24 Thu Apr 2025	540.30	527.75	555.55	519.10	3.4 times
23 Wed Apr 2025	526.40	517.00	529.00	502.00	0.82 times
22 Tue Apr 2025	512.35	500.00	519.85	488.60	0.814 times
21 Mon Apr 2025	496.25	473.95	498.50	468.75	0.456 times
17 Thu Apr 2025	470.25	464.30	476.00	461.95	0.33 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 595.3, for a target of 534.7 or 484.14

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	376.95
Downside Target	387.00
Downside Target	410.95
Downside Target	430.10
Downside Target	458.40
Downside Target	468.75
Downside Target	494.40
Downside Target	512.25
Downside Target	529.25
Downside Target	542.55
Downside Target	555.55
Downside Target	572.55
Upside Target	581.45
Upside Target	643.50

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	530.88
Downside Intraday Target	486.97
Upside Intraday Target	600.08
Upside Intraday Target	625.37
Downside Intraday Target	556.17

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	574.80	520.00	581.45	512.25	0.565 times
25 Fri Apr 2025	517.75	473.95	555.55	468.75	7.318 times
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

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
02 Fri May 2025	574.80	544.90	581.45	542.55	0.111 times
30 Wed Apr 2025	544.85	448.00	572.55	387.00	1.212 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

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 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 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 Strong and stock is gaining momentum.

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

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 green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 536.53 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.