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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)

10 day averaged volume of Elecon Eng is 71617

Date Daily Closing Price Open High Low Volume
25 Mon Oct 2021 143.95 148.15 152.10 142.40 1.494 times
22 Fri Oct 2021 153.20 153.00 159.50 149.70 0.88 times
21 Thu Oct 2021 154.50 157.05 157.30 150.55 0.701 times
20 Wed Oct 2021 153.05 158.10 160.40 149.40 1.923 times
19 Tue Oct 2021 157.85 163.50 167.75 150.95 1.023 times
18 Mon Oct 2021 165.35 168.70 168.90 163.15 0.557 times
14 Thu Oct 2021 166.05 165.80 168.95 164.90 0.99 times
13 Wed Oct 2021 165.80 168.25 170.00 164.15 1.432 times
12 Tue Oct 2021 167.45 171.90 173.35 166.60 0.857 times
11 Mon Oct 2021 170.80 173.80 179.80 170.10 1.237 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 147.9, for a target of 156.7 or 164.04

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 109.30
Downside Target 124.25
Downside Target 136.60
Downside Target 142.40
Upside Target 149.40
Upside Target 158.00
Upside Target 162.30
Upside Target 168.90
Upside Target 171.50
Upside Target 176.60
Upside Target 179.80
Upside Target 183.60
Upside Target 185.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 140.2
Downside Intraday Target 136.45
Upside Intraday Target 149.9
Upside Intraday Target 155.85
Upside Intraday Target 146.15

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
25 Mon Oct 2021 143.95 148.15 152.10 142.40 0.294 times
22 Fri Oct 2021 153.20 168.70 168.90 149.40 1.126 times
14 Thu Oct 2021 166.05 173.80 179.80 164.15 1.116 times
08 Fri Oct 2021 172.25 170.05 176.60 164.30 0.842 times
01 Fri Oct 2021 168.10 170.50 171.50 162.30 0.615 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
25 Mon Oct 2021 143.95 168.45 179.80 142.40 0.399 times
30 Thu Sep 2021 167.80 168.50 185.95 158.00 0.582 times
31 Tue Aug 2021 164.45 138.90 183.60 136.60 0.379 times
30 Fri Jul 2021 138.00 138.00 149.75 124.25 2.145 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)

Indicator Name Indicator Value Indicator Signal
ADX 11, 29, 45 Sell
MACD -5, -1Sell
Stochastics 11Sell
CCI -133Sell
RSI 51Buy
OBV -637662Sell
VWAP 159Sell
ADL 0Sell
ROC -16Sell
Force Index 0Sell

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Elecon Eng stock for short term is SELL. Signal strength is Strong and stock is gaining 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 158.88 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 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 Eng charts

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Daily charts

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

Daily chart

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