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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 72662

Date Daily Closing Price Open High Low Volume
30 Fri Sep 2022 341.55 329.05 344.75 329.05 0.452 times
29 Thu Sep 2022 333.30 339.95 340.90 326.00 0.437 times
28 Wed Sep 2022 328.80 326.95 341.00 324.85 1.305 times
27 Tue Sep 2022 330.15 328.00 337.00 327.60 0.481 times
26 Mon Sep 2022 328.75 341.25 344.45 318.15 2.213 times
23 Fri Sep 2022 350.60 365.00 370.50 343.60 0.592 times
22 Thu Sep 2022 367.55 373.00 377.00 360.00 1.12 times
21 Wed Sep 2022 376.30 381.55 388.00 375.00 0.331 times
20 Tue Sep 2022 384.50 389.00 394.00 383.05 0.54 times
19 Mon Sep 2022 386.40 382.00 399.00 381.05 1.086 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 343.9, but if it comes above 343.9, then a intra day buy could be more profitable.
If you take a sell trade below 343.9, then use 343.9 as stoploss and 318.4 as target. However if you take a buy trade in stock , then use 343.9 as stoploss and 365.19 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 158.80
Downside Target 194.75
Downside Target 212.00
Downside Target 254.00
Downside Target 289.90
Downside Target 318.15
Downside Target 332.00
Upside Target 343.60
Upside Target 367.05
Upside Target 391.90
Upside Target 394.50
Upside Target 399.00
Upside Target 415.00

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 324.88
Downside Intraday Target 308.22
Upside Intraday Target 351.48
Upside Intraday Target 361.42
Downside Intraday Target 334.82

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
30 Fri Sep 2022 341.55 341.25 344.75 318.15 1.332 times
23 Fri Sep 2022 350.60 382.00 399.00 343.60 0.464 times
16 Fri Sep 2022 385.95 383.30 415.00 367.05 2.253 times
09 Fri Sep 2022 376.25 360.00 391.90 354.05 0.831 times
02 Fri Sep 2022 363.85 360.00 394.50 350.00 1.157 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
30 Fri Sep 2022 341.55 375.70 415.00 318.15 1.25 times
30 Tue Aug 2022 375.25 360.15 394.50 332.00 0.381 times
29 Fri Jul 2022 362.25 256.60 394.05 254.00 0.782 times
30 Thu Jun 2022 260.85 194.75 289.90 194.75 2.12 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 16, 25, 23 Sell
MACD -3, 5Sell
Stochastics 20Sell
CCI -50Buy
RSI 47Sell
OBV -74835Sell
VWAP 349Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Eng in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 349.01 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 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

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Daily chart

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