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(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 2024-12-16 View latest technical analysis

10 day averaged volume of Elecon Eng is 56196

Date Daily Closing Price Open High Low Volume
16 Mon Dec 2024 645.20 644.75 657.95 643.00 0.481 times
13 Fri Dec 2024 650.00 643.55 655.60 643.55 0.183 times
12 Thu Dec 2024 650.30 657.00 668.80 641.05 1.002 times
11 Wed Dec 2024 657.20 668.80 672.40 654.25 1.33 times
10 Tue Dec 2024 661.00 621.05 664.00 621.05 1.848 times
09 Mon Dec 2024 625.75 635.45 640.35 620.65 0.361 times
06 Fri Dec 2024 630.95 628.15 640.60 628.00 0.462 times
05 Thu Dec 2024 629.80 647.00 648.00 624.05 0.918 times
04 Wed Dec 2024 638.60 629.60 651.50 626.00 1.971 times
03 Tue Dec 2024 623.15 587.45 625.55 587.45 1.579 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 643.7, but if it comes below 643.7, then a intra day sell could be more profitable.
If you take a sell trade below 643.7, then use 643.7 as stoploss and 608.04 as target. However if you take a buy trade in stock , then use 643.7 as stoploss and 686.5 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 528.85
Downside Target 556.00
Downside Target 577.80
Downside Target 601.50
Downside Target 641.85
Downside Target 643.00
Upside Target 651.50
Upside Target 657.95
Upside Target 672.40
Upside Target 710.00
Upside Target 738.85

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 639.48
Downside Intraday Target 633.77
Upside Intraday Target 654.43
Upside Intraday Target 663.67
Upside Intraday Target 648.72

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
16 Mon Dec 2024 645.20 644.75 657.95 643.00 0.102 times
13 Fri Dec 2024 650.00 635.45 672.40 620.65 0.895 times
06 Fri Dec 2024 630.95 586.05 651.50 577.80 2.648 times
29 Fri Nov 2024 585.65 568.80 601.50 556.00 1.361 times
22 Fri Nov 2024 560.80 558.45 582.35 537.20 0.708 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 Eng (EleconEng)

Date Monthly Closing Price Open High Low Volume
16 Mon Dec 2024 645.20 586.05 672.40 577.80 1.241 times
29 Fri Nov 2024 585.65 586.20 613.15 530.55 0.493 times
31 Thu Oct 2024 574.70 706.00 738.85 528.85 1.679 times
30 Mon Sep 2024 700.00 629.95 710.00 605.20 1.073 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 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 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 Eng ( (EleconEng) ) 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 Eng ( (EleconEng) ) 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 Eng stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elecon Eng 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 Eng 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 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 Eng 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elecon Eng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 642.79 and Elecon Eng (EleconEng) 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 Eng (EleconEng) stock. Volume based technical analysis of Elecon Eng (EleconEng) stock is negative.

Elecon Eng 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.

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 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 Eng ( (EleconEng) ) 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 Eng ( (EleconEng) ) 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 Eng stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elecon Eng 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 Eng 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 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 Eng 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

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elecon Eng is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 642.79 and Elecon Eng (EleconEng) 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 Eng (EleconEng) stock. Volume based technical analysis of Elecon Eng (EleconEng) stock is negative.

Elecon Eng 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.

Click here for Elecon Eng charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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