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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 439445

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 948.75 970.00 974.40 933.90 0.28 times
27 Wed Mar 2024 960.15 949.90 971.00 928.10 0.707 times
26 Tue Mar 2024 943.25 920.25 948.70 905.40 0.56 times
22 Fri Mar 2024 920.25 889.05 924.70 881.15 0.623 times
21 Thu Mar 2024 889.80 855.00 905.40 854.30 0.534 times
20 Wed Mar 2024 840.85 846.00 860.00 825.00 0.314 times
19 Tue Mar 2024 839.10 856.50 856.50 832.05 0.258 times
18 Mon Mar 2024 848.45 870.00 878.50 842.50 0.503 times
15 Fri Mar 2024 872.95 855.30 893.35 841.00 4.397 times
14 Thu Mar 2024 844.00 823.00 860.00 790.30 0.816 times

My analysis of stock is bullish for shortterm, and stock might move up till 980.8 or till 1053.8. Use a stoploss of 919.96 and if this stock hits its stoploss, then it can fall down till 859.14

Share price targets for Elecon Engineering (ELECON)

Target Type Value
Downside Target 790.30
Downside Target 825.00
Downside Target 850.80
Downside Target 905.00
Upside Target 963.00
Upside Target 984.00
Upside Target 989.80
Upside Target 1001.55
Upside Target 1009.80
Upside Target 1025.95
Upside Target 1109.20
Upside Target 1122.00

Intraday share price targets for Elecon Engineering (ELECON)

Target Type Value
Downside Intraday Target 911.3
Downside Intraday Target 873.85
Upside Intraday Target 980.3
Upside Intraday Target 1011.85
Downside Intraday Target 942.85

Weekly technical analysis of Elecon Engineering (ELECON)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 948.75 920.25 974.40 905.40 0.693 times
22 Fri Mar 2024 920.25 870.00 924.70 825.00 0.275 times
15 Fri Mar 2024 872.95 962.35 963.00 790.30 5.384 times
07 Thu Mar 2024 962.35 999.45 1001.55 930.45 0.497 times
02 Sat Mar 2024 998.90 1024.00 1025.95 911.00 1.666 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
28 Thu Mar 2024 948.75 998.90 1009.80 790.30 1.413 times
29 Thu Feb 2024 1002.15 1106.15 1109.20 911.00 0.342 times
31 Wed Jan 2024 1100.60 932.95 1122.00 905.00 2.153 times
29 Fri Dec 2023 926.95 948.00 984.00 857.55 0.481 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 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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 884.73 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 negative.

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

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 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 884.73 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 negative.

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

Click here for Elecon Engineering charts

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Daily charts

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