(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)
Intraday share price targets for Elecon Eng (EleconEng)
|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|
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.