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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 26274

Date Daily Closing Price Open High Low Volume
30 Mon Jan 2023 368.50 391.90 391.90 361.40 1.367 times
27 Fri Jan 2023 379.70 392.75 394.55 364.30 1.455 times
25 Wed Jan 2023 388.15 395.00 406.00 386.10 2.726 times
24 Tue Jan 2023 384.75 389.30 396.75 380.20 1.64 times
23 Mon Jan 2023 388.05 373.35 392.15 373.35 0.429 times
20 Fri Jan 2023 376.50 386.50 389.30 374.05 0.659 times
19 Thu Jan 2023 385.35 380.50 387.10 380.50 0.229 times
18 Wed Jan 2023 385.50 392.95 392.95 383.60 0.303 times
17 Tue Jan 2023 388.70 393.75 393.75 381.95 0.565 times
16 Mon Jan 2023 392.40 395.95 399.00 386.85 1.19 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 368.3 as stoploss in an intra day buy trade for a target of 378.39. However, stock will show a bearish move below 368.3.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 318.15
Downside Target 326.25
Downside Target 346.30
Downside Target 354.50
Upside Target 374.05
Upside Target 390.00
Upside Target 393.90
Upside Target 399.00
Upside Target 406.00
Upside Target 415.00
Upside Target 465.00
Upside Target 475.75

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 355.97
Downside Intraday Target 343.43
Upside Intraday Target 386.47
Upside Intraday Target 404.43
Upside Intraday Target 373.93

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
30 Mon Jan 2023 368.50 391.90 391.90 361.40 0.219 times
27 Fri Jan 2023 379.70 373.35 406.00 364.30 2.122 times
20 Fri Jan 2023 376.50 395.95 399.00 374.05 0.468 times
13 Fri Jan 2023 392.55 363.55 393.90 361.70 1.221 times
06 Fri Jan 2023 359.05 365.70 379.60 354.50 1.03 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 Mon Jan 2023 368.50 365.70 406.00 354.50 0.932 times
30 Fri Dec 2022 364.55 464.95 475.75 331.25 0.54 times
30 Wed Nov 2022 457.95 377.80 465.00 346.30 2.128 times
31 Mon Oct 2022 377.10 341.50 390.00 326.25 0.352 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 16, 23, 18 Sell
MACD -8, -8Buy
Stochastics 33None
CCI -160Sell
RSI 58Buy
OBV -129996Sell
VWAP 384Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

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 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

Price action analysis of Elecon Eng ( (EleconEng) ) based on a mid to longer 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.

ADX buy sell signal for Elecon Eng stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Elecon Eng in short term but the buy 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 below the red cloud Prices appear to be coming down

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

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 383.56 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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