Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-05-08 View latest technical analysis

10 day averaged volume of Elecon Engineering is 2093130

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	617.80	616.10	648.80	606.15	1.087 times
07 Wed May 2025	616.10	593.00	623.65	583.30	0.739 times
06 Tue May 2025	593.60	577.00	605.20	574.50	0.989 times
05 Mon May 2025	578.90	577.90	585.40	565.20	0.355 times
02 Fri May 2025	574.80	544.90	581.45	542.55	1.113 times
30 Wed Apr 2025	544.85	559.00	572.55	540.50	0.55 times
29 Tue Apr 2025	560.25	540.90	563.00	538.35	0.701 times
28 Mon Apr 2025	541.10	520.00	548.00	512.25	0.878 times
25 Fri Apr 2025	517.75	549.00	553.00	505.45	1.144 times
24 Thu Apr 2025	540.30	527.75	555.55	519.10	2.845 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 579.2, but if it comes below 579.2, then a intra day sell could be more profitable.
If you take a sell trade below 579.2, then use 579.2 as stoploss and 515.15 as target. However if you take a buy trade in stock , then use 579.2 as stoploss and 656.2 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	376.95
Downside Target	387.00
Downside Target	410.95
Downside Target	438.00
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
Downside Target	581.45
Upside Target	643.50
Upside Target	648.80

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	572.4
Downside Intraday Target	527
Upside Intraday Target	656
Upside Intraday Target	694.2
Downside Intraday Target	610.6

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	617.80	577.90	648.80	565.20	0.978 times
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

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
08 Thu May 2025	617.80	544.90	648.80	542.55	0.429 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 tired and bears are picking up momentum.

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 563.04 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.