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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 106855

Date Daily Closing Price Open High Low Volume
27 Fri May 2022 192.15 194.15 195.30 189.15 0.466 times
26 Thu May 2022 191.00 183.20 194.60 180.90 0.922 times
25 Wed May 2022 191.80 196.50 204.70 190.10 1.05 times
24 Tue May 2022 197.15 199.95 199.95 193.40 0.691 times
23 Mon May 2022 198.00 206.25 212.00 195.90 1.056 times
20 Fri May 2022 205.05 195.15 209.40 195.15 1.671 times
19 Thu May 2022 190.15 194.40 196.00 188.10 0.486 times
18 Wed May 2022 197.50 196.95 202.45 190.80 1.802 times
17 Tue May 2022 193.00 186.70 194.85 185.30 1.01 times
16 Mon May 2022 185.30 182.00 191.95 181.50 0.596 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 196.2 as stoploss in an intra day sell trade for a target of 186.05. However, stock will show a bullish move above 196.2.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 129.30
Downside Target 136.75
Downside Target 143.00
Downside Target 158.80
Downside Target 163.25
Downside Target 178.00
Upside Target 193.80
Upside Target 196.20
Upside Target 199.55
Upside Target 209.40
Upside Target 212.00
Upside Target 214.15

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 178.03
Downside Intraday Target 163.92
Upside Intraday Target 209.13
Upside Intraday Target 226.12
Upside Intraday Target 195.02

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
27 Fri May 2022 192.15 206.25 212.00 180.90 0.752 times
20 Fri May 2022 205.05 182.00 209.40 181.50 1.333 times
13 Fri May 2022 184.55 174.00 193.80 158.80 1.023 times
06 Fri May 2022 173.15 182.00 193.90 166.65 0.888 times
29 Fri Apr 2022 187.80 186.20 196.20 178.00 1.049 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
27 Fri May 2022 192.15 182.00 212.00 158.80 0.822 times
29 Fri Apr 2022 187.80 143.10 199.55 143.00 1.711 times
31 Thu Mar 2022 143.85 146.20 163.25 136.75 0.82 times
28 Mon Feb 2022 148.45 182.00 183.40 129.30 0.713 times

Scroll below to view daily charts

Price has moved up 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 24, 16, 20 Buy
MACD 10, 10Sell
Stochastics 42None
CCI -33Buy
RSI 55Buy
OBV 409098Sell
VWAP 196Sell
ADL 0Sell
ROC 4Buy
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Elecon Eng in short term but the sell signal is initial and weak.

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. 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 moving up

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

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 195.76 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.

Click here for Elecon Eng charts

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Daily charts

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Daily chart

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