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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.

10 day averaged volume of Elecon Engineering is 815012

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	500.40	498.35	510.00	492.45	0.475 times
04 Tue Feb 2025	494.95	480.00	499.95	472.65	1.233 times
03 Mon Feb 2025	480.35	529.25	529.25	477.60	1.606 times
31 Fri Jan 2025	532.40	521.00	537.55	516.15	0.318 times
30 Thu Jan 2025	520.15	525.35	529.05	515.10	0.403 times
29 Wed Jan 2025	517.75	516.00	549.25	511.05	0.811 times
28 Tue Jan 2025	519.00	527.50	535.00	502.05	0.792 times
27 Mon Jan 2025	526.30	540.00	540.00	513.10	0.481 times
24 Fri Jan 2025	544.25	568.60	569.05	540.30	0.789 times
23 Thu Jan 2025	568.90	559.10	586.00	537.50	1.168 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 513.2, but if it comes above 513.2, then a intra day buy could be more profitable.
If you take a sell trade below 513.2, then use 513.2 as stoploss and 463.8 as target. However if you take a buy trade in stock , then use 513.2 as stoploss and 554.41 as target.

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	472.65
Upside Target	502.05
Upside Target	527.55
Upside Target	549.25
Upside Target	578.35
Upside Target	613.00
Upside Target	613.80
Upside Target	636.85
Upside Target	638.30
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	472.28
Downside Intraday Target	444.17
Upside Intraday Target	528.88
Upside Intraday Target	557.37
Upside Intraday Target	500.77

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	500.40	529.25	529.25	472.65	1.181 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
17 Fri Jan 2025	590.25	575.00	638.30	533.85	1.499 times
10 Fri Jan 2025	594.95	633.85	636.85	584.00	1.221 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
05 Wed Feb 2025	500.40	529.25	529.25	472.65	0.242 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 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 losing 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 moving up

CCI has generated a buy signal for Elecon Engineering in short term but BUY signal is weak.

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 517.13 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.