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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)

Showing technical analysis as on 2021-08-18 View latest technical analysis

10 day averaged volume of Elecon Eng is 299434

Date Daily Closing Price Open High Low Volume
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.572 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 0.915 times
16 Mon Aug 2021 178.40 163.35 182.20 159.55 1.875 times
13 Fri Aug 2021 162.15 151.00 163.90 150.90 1.918 times
12 Thu Aug 2021 151.70 146.65 153.00 146.65 0.513 times
11 Wed Aug 2021 144.65 145.10 148.50 136.60 0.809 times
10 Tue Aug 2021 147.55 149.95 153.25 143.35 0.668 times
09 Mon Aug 2021 149.95 146.90 152.50 144.15 0.413 times
06 Fri Aug 2021 145.10 153.80 155.55 143.20 0.89 times
05 Thu Aug 2021 153.30 144.00 154.00 142.15 1.156 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 162.3, but if it comes below 162.3, then a intra day sell could be more profitable.
If you take a sell trade below 162.3, then use 162.3 as stoploss and 150.19 as target. However if you take a buy trade in stock , then use 162.3 as stoploss and 176.9 as target.

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 159.4
Downside Intraday Target 147.45
Upside Intraday Target 183.45
Upside Intraday Target 195.55
Upside Intraday Target 171.5

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
18 Wed Aug 2021 171.35 163.35 183.60 159.55 0.778 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
18 Wed Aug 2021 171.35 138.90 183.60 136.60 0.276 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 32, 8, 58 Buy
MACD 18, 14Buy
Stochastics 84Buy
CCI 98Sell
RSI 65Buy
OBV 829095Sell
VWAP 161Buy
ADL 0Sell
ROC 19Buy
Force Index 0Sell

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 losing 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 tired and bears are picking up momentum.

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 SELL signal for Elecon Eng in short term but SELL 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 161.05 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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Daily charts

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Daily chart

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