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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 2025-01-09 View latest technical analysis

10 day averaged volume of Elecon Eng is 25121

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	605.15	606.15	612.00	600.80	0.926 times
08 Wed Jan 2025	606.25	617.00	624.20	594.90	1.126 times
07 Tue Jan 2025	612.05	609.35	613.20	603.35	0.34 times
06 Mon Jan 2025	605.25	639.95	639.95	600.05	0.999 times
03 Fri Jan 2025	634.15	629.50	642.90	624.20	0.501 times
02 Thu Jan 2025	629.90	635.05	641.95	628.85	0.371 times
01 Wed Jan 2025	634.90	633.50	643.70	630.00	0.69 times
31 Tue Dec 2024	634.75	634.85	651.00	632.55	1.81 times
30 Mon Dec 2024	630.40	644.55	644.55	617.45	0.593 times
27 Fri Dec 2024	642.05	642.15	648.70	625.00	1.231 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 610, but if it comes above 610, then a intra day buy could be more profitable.
If you take a sell trade below 610, then use 610 as stoploss and 590.5 as target. However if you take a buy trade in stock , then use 610 as stoploss and 626.18 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Target	528.85
Downside Target	577.80
Downside Target	592.95
Upside Target	639.95
Upside Target	643.70
Upside Target	648.70
Upside Target	651.00
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	586.72
Downside Intraday Target	568.28
Upside Intraday Target	631.77
Upside Intraday Target	658.38
Upside Intraday Target	613.33

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu Jan 2025	605.15	639.95	639.95	594.90	0.855 times
03 Fri Jan 2025	634.15	644.55	651.00	617.45	0.767 times
27 Fri Dec 2024	642.05	601.35	648.70	592.95	1.2 times
20 Fri Dec 2024	601.45	644.75	657.95	597.50	0.408 times
13 Fri Dec 2024	650.00	635.45	672.40	620.65	0.895 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
09 Thu Jan 2025	605.15	633.50	643.70	594.90	0.145 times
31 Tue Dec 2024	634.75	586.05	672.40	577.80	1.813 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

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 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 Eng ( (EleconEng) ) 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 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 SELL signal for Elecon Eng in short term and the sell signal is strong.

Elecon Eng 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 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 624.01 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.