(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)
Showing technical analysis as on 2021-08-17 View latest technical analysis
10 day averaged volume of Elecon Eng is 301478
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue Aug 2021 | 176.70 | 180.00 | 183.60 | 168.25 | 0.908 times |
| 16 Mon Aug 2021 | 178.40 | 163.35 | 182.20 | 159.55 | 1.863 times |
| 13 Fri Aug 2021 | 162.15 | 151.00 | 163.90 | 150.90 | 1.905 times |
| 12 Thu Aug 2021 | 151.70 | 146.65 | 153.00 | 146.65 | 0.509 times |
| 11 Wed Aug 2021 | 144.65 | 145.10 | 148.50 | 136.60 | 0.803 times |
| 10 Tue Aug 2021 | 147.55 | 149.95 | 153.25 | 143.35 | 0.664 times |
| 09 Mon Aug 2021 | 149.95 | 146.90 | 152.50 | 144.15 | 0.41 times |
| 06 Fri Aug 2021 | 145.10 | 153.80 | 155.55 | 143.20 | 0.884 times |
| 05 Thu Aug 2021 | 153.30 | 144.00 | 154.00 | 142.15 | 1.148 times |
| 04 Wed Aug 2021 | 144.45 | 151.85 | 153.90 | 143.50 | 0.838 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 173.5, for a target of 160.1 or 148.94
Share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Target | 61.45 |
| Downside Target | 83.80 |
| Downside Target | 98.75 |
| Downside Target | 109.30 |
| Downside Target | 120.70 |
| Downside Target | 124.25 |
| Downside Target | 130.95 |
| Downside Target | 136.60 |
| Downside Target | 142.80 |
| Downside Target | 146.20 |
| Downside Target | 149.75 |
| Downside Target | 155.55 |
| Downside Target | 159.55 |
| Downside Target | 163.90 |
| Upside Target | 183.60 |
Intraday share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Intraday Target | 162.97 |
| Downside Intraday Target | 149.23 |
| Upside Intraday Target | 187.02 |
| Upside Intraday Target | 197.33 |
| Downside Intraday Target | 173.28 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue Aug 2021 | 176.70 | 163.35 | 183.60 | 159.55 | 0.646 times |
| 13 Fri Aug 2021 | 162.15 | 146.90 | 163.90 | 136.60 | 0.945 times |
| 06 Fri Aug 2021 | 145.10 | 138.90 | 155.55 | 138.25 | 1.746 times |
| 30 Fri Jul 2021 | 138.00 | 140.90 | 146.20 | 132.85 | 0.31 times |
| 23 Fri Jul 2021 | 140.55 | 142.00 | 149.75 | 130.95 | 0.756 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 |
| 17 Tue Aug 2021 | 176.70 | 138.90 | 183.60 | 136.60 | 0.263 times |
| 30 Fri Jul 2021 | 138.00 | 138.00 | 149.75 | 124.25 | 2.145 times |
| 30 Wed Jun 2021 | 136.85 | 118.75 | 142.80 | 109.30 | 2.467 times |
| 31 Mon May 2021 | 118.10 | 92.00 | 120.70 | 83.80 | 1.257 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 | 34, 9, 58 | Buy |
| MACD | 17, 13 | Buy |
| Stochastics | 90 | Buy |
| CCI | 160 | Buy |
| RSI | 67 | Buy |
| OBV | 458455 | Sell |
| VWAP | 159 | Buy |
| ADL | 0 | Sell |
| ROC | 17 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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 short 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 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.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elecon Eng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 coming down
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 and the buying is gaining 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 159.06 and Elecon Eng (EleconEng) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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