(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, -8 | Buy |
| Stochastics | 33 | None |
| CCI | -160 | Sell |
| RSI | 58 | Buy |
| OBV | -129996 | Sell |
| VWAP | 384 | Sell |
| ADL | 0 | Sell |
| ROC | -6 | Sell |
| Force Index | 0 | Sell |
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.
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