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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 2021-08-20 View latest technical analysis

10 day averaged volume of Elecon Eng is 291288

Date Daily Closing Price Open High Low Volume
20 Fri Aug 2021 163.70 171.50 171.50 159.60 0.569 times
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.588 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 0.94 times
16 Mon Aug 2021 178.40 163.35 182.20 159.55 1.928 times
13 Fri Aug 2021 162.15 151.00 163.90 150.90 1.971 times
12 Thu Aug 2021 151.70 146.65 153.00 146.65 0.527 times
11 Wed Aug 2021 144.65 145.10 148.50 136.60 0.831 times
10 Tue Aug 2021 147.55 149.95 153.25 143.35 0.687 times
09 Mon Aug 2021 149.95 146.90 152.50 144.15 0.425 times
06 Fri Aug 2021 145.10 153.80 155.55 143.20 0.915 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 163.5, but if it comes below 163.5, then a intra day sell could be more profitable.
If you take a sell trade below 163.5, then use 163.5 as stoploss and 151.11 as target. However if you take a buy trade in stock , then use 163.5 as stoploss and 178.5 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
Upside Target 163.90
Upside Target 183.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 154.3
Downside Intraday Target 144.9
Upside Intraday Target 178.35
Upside Intraday Target 193
Upside Intraday Target 168.95

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
20 Fri Aug 2021 163.70 163.35 183.60 159.55 0.906 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
20 Fri Aug 2021 163.70 138.90 183.60 136.60 0.289 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 29, 17, 25 Buy
MACD 17, 15Buy
Stochastics 72Buy
CCI 40Sell
RSI 63Buy
OBV -249099Sell
VWAP 162Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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.

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 162.2 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.

Click here for Elecon Eng charts

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Daily charts

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Daily chart

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