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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 120344

Date Daily Closing Price Open High Low Volume
08 Mon Aug 2022 350.50 349.90 357.65 343.10 0.402 times
05 Fri Aug 2022 343.60 350.00 350.95 340.05 0.187 times
04 Thu Aug 2022 344.20 342.90 347.00 332.00 0.463 times
03 Wed Aug 2022 338.40 357.55 362.00 335.60 0.381 times
02 Tue Aug 2022 354.10 353.00 364.15 344.80 0.477 times
01 Mon Aug 2022 353.65 360.15 364.45 352.05 0.464 times
30 Sat Jul 2022 362.25 366.45 372.00 360.50 0.486 times
28 Thu Jul 2022 362.50 375.40 375.40 361.05 0.304 times
27 Wed Jul 2022 371.15 374.30 377.75 364.25 0.486 times
26 Tue Jul 2022 370.00 371.40 391.90 366.60 2.453 times

My analysis of stock is bullish for shortterm, and stock might move up till 362 or till 388.4. Use a stoploss of 339.89 and if this stock hits its stoploss, then it can fall down till 317.82

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 143.00
Downside Target 158.80
Downside Target 194.75
Downside Target 199.55
Downside Target 212.00
Downside Target 254.00
Downside Target 287.55
Downside Target 302.00
Downside Target 325.05
Downside Target 343.10
Upside Target 357.65
Upside Target 364.45
Upside Target 394.05

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 343.18
Downside Intraday Target 335.87
Upside Intraday Target 357.73
Upside Intraday Target 364.97
Downside Intraday Target 350.42

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
08 Mon Aug 2022 350.50 349.90 357.65 343.10 0.204 times
05 Fri Aug 2022 343.60 360.15 364.45 332.00 0.246 times
30 Sat Jul 2022 362.25 334.85 394.05 330.40 1.21 times
22 Fri Jul 2022 329.65 312.00 348.20 302.00 1.229 times
15 Fri Jul 2022 309.80 294.30 325.05 287.55 0.865 times

Price has moved up 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
08 Mon Aug 2022 350.50 360.15 364.45 332.00 0.089 times
30 Sat 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 1.984 times
31 Tue May 2022 196.60 182.00 212.00 158.80 0.888 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 26, 18, 19 Buy
MACD 39, 44Sell
Stochastics 30None
CCI -45Buy
RSI 58Buy
OBV 741165Sell
VWAP 361Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 Weak 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 green color and prices are above the green 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 360.59 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 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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