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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 196172

Date Daily Closing Price Open High Low Volume
03 Fri Dec 2021 202.40 201.35 208.55 201.35 0.461 times
02 Thu Dec 2021 202.30 206.45 207.95 201.35 0.157 times
01 Wed Dec 2021 206.00 212.80 212.80 204.00 0.439 times
30 Tue Nov 2021 207.00 207.90 218.65 205.75 0.63 times
29 Mon Nov 2021 207.15 209.90 216.00 204.00 0.522 times
26 Fri Nov 2021 206.80 207.50 219.00 201.50 2.431 times
25 Thu Nov 2021 212.05 186.95 214.60 185.80 1.699 times
24 Wed Nov 2021 185.25 192.95 192.95 184.70 0.61 times
23 Tue Nov 2021 192.40 197.40 198.75 190.35 0.467 times
22 Mon Nov 2021 193.15 184.00 195.90 177.65 1.001 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 202.7 as stoploss in an intra day sell trade for a target of 186.61. However, stock will show a bullish move above 202.7.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 136.60
Downside Target 142.40
Downside Target 158.00
Downside Target 162.45
Downside Target 174.50
Downside Target 183.60
Downside Target 189.70
Downside Target 201.35
Upside Target 212.80
Upside Target 218.65
Upside Target 219.00

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 196.28
Downside Intraday Target 190.17
Upside Intraday Target 213.58
Upside Intraday Target 224.77
Upside Intraday Target 207.47

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
03 Fri Dec 2021 202.40 209.90 218.65 201.35 0.356 times
26 Fri Nov 2021 206.80 184.00 219.00 177.65 2.205 times
18 Thu Nov 2021 182.00 176.00 189.70 164.90 1.955 times
12 Fri Nov 2021 173.20 168.05 179.90 164.85 1.328 times
04 Thu Nov 2021 168.60 174.00 174.50 162.45 0.545 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
03 Fri Dec 2021 202.40 212.80 212.80 201.35 0.083 times
30 Tue Nov 2021 207.00 174.00 219.00 162.45 1.715 times
29 Fri Oct 2021 171.75 168.45 179.80 142.40 0.496 times
30 Thu Sep 2021 167.80 168.50 185.95 158.00 0.582 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 28, 8, 55 Buy
MACD 19, 17Buy
Stochastics 68None
CCI 21Buy
RSI 68Buy
OBV 347657Sell
VWAP 204Sell
ADL 0Sell
ROC 11Buy
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 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 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 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 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.

Elecon Eng Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a buy signal for Elecon Eng in short term and BUY 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

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 203.55 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. 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.

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Daily charts

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Daily chart

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