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

(EleconEng) Elecon Eng complete technical analysis [charts+indicators] | Buy/Sell Elecon Eng | (EleconEng) share price targets

Complete technical analysis of Elecon Eng (EleconEng) by charts plus indicators, forecast predictions and share price targets for Elecon Eng (EleconEng)

Showing technical analysis as on 2024-10-18 View latest technical analysis

10 day averaged volume of Elecon Eng is 36723

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	626.25	711.05	718.80	620.90	3.883 times
17 Thu Oct 2024	721.35	731.15	738.00	713.10	0.99 times
16 Wed Oct 2024	731.75	714.95	738.85	705.95	1.592 times
15 Tue Oct 2024	707.50	707.80	712.60	687.75	1.184 times
14 Mon Oct 2024	696.45	697.80	710.55	687.10	0.447 times
11 Fri Oct 2024	689.65	705.00	717.00	681.00	0.495 times
10 Thu Oct 2024	701.60	681.00	709.00	658.70	1.362 times
09 Wed Oct 2024	655.45	639.05	659.10	633.25	0.744 times
08 Tue Oct 2024	638.55	625.00	642.00	617.40	0.802 times
07 Mon Oct 2024	626.40	672.60	673.45	621.00	1.833 times

Stock of Elecon Eng (EleconEng) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 642.7, but if it comes above 642.7, then a intra day buy could be more profitable.
If you take a sell trade below 642.7, then use 642.7 as stoploss and 603 as target. However if you take a buy trade in stock , then use 642.7 as stoploss and 675.75 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Target	562.00
Downside Target	583.00
Downside Target	605.20
Upside Target	673.55
Upside Target	710.00
Upside Target	717.00
Upside Target	717.90
Upside Target	738.85
Upside Target	957.40
Upside Target	1367.30
Upside Target	1414.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Intraday Target	585.15
Downside Intraday Target	544.05
Upside Intraday Target	703.1
Upside Intraday Target	779.95
Upside Intraday Target	662

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	626.25	697.80	738.85	620.90	1.546 times
11 Fri Oct 2024	689.65	672.60	717.00	617.40	3.248 times
03 Thu Oct 2024	689.85	699.70	717.90	673.55	0.183 times
27 Fri Sep 2024	695.25	631.40	710.00	631.40	4.455 times
20 Fri Sep 2024	633.65	636.65	640.00	611.45	0.96 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elecon Eng (EleconEng)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	626.25	706.00	738.85	617.40	0.925 times
30 Mon Sep 2024	700.00	629.95	710.00	605.20	1.073 times
30 Fri Aug 2024	620.55	629.50	641.85	562.00	0.459 times
31 Wed Jul 2024	629.65	1300.35	1414.95	583.00	1.353 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 Eng (EleconEng)

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elecon Eng ( (EleconEng) ) 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 Eng stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Elecon Eng Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Eng in short term and SELL 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 Eng is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 667.92 and Elecon Eng (EleconEng) 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 Eng (EleconEng) stock. Volume based technical analysis of Elecon Eng (EleconEng) stock is negative.

Elecon Eng Stock has given negative 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.