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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 2021-08-23 View latest technical analysis

10 day averaged volume of Elecon Eng is 273248

Date Daily Closing Price Open High Low Volume
23 Mon Aug 2021 151.00 164.35 166.55 145.50 1.113 times
20 Fri Aug 2021 163.70 171.50 171.50 159.60 0.607 times
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.626 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 1.002 times
16 Mon Aug 2021 178.40 163.35 182.20 159.55 2.055 times
13 Fri Aug 2021 162.15 151.00 163.90 150.90 2.101 times
12 Thu Aug 2021 151.70 146.65 153.00 146.65 0.562 times
11 Wed Aug 2021 144.65 145.10 148.50 136.60 0.886 times
10 Tue Aug 2021 147.55 149.95 153.25 143.35 0.732 times
09 Mon Aug 2021 149.95 146.90 152.50 144.15 0.453 times

My analysis of stock is bearish for shortterm, and stock might move down till 139.4 or till 124.8. Use a stoploss of 151.63 and if the stock hits stoploss, then it can shoot up till 163.82

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 132.85
Downside Target 136.60
Downside Target 142.80
Downside Target 149.75
Upside Target 155.55
Upside Target 159.55
Upside Target 163.90
Upside Target 166.55
Upside Target 183.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 142.15
Downside Intraday Target 133.3
Upside Intraday Target 163.2
Upside Intraday Target 175.4
Upside Intraday Target 154.35

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
23 Mon Aug 2021 151.00 164.35 166.55 145.50 0.259 times
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

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
23 Mon Aug 2021 151.00 138.90 183.60 136.60 0.312 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 24, 26, 4 Sell
MACD 15, 15Buy
Stochastics 54None
CCI -31Sell
RSI 58Buy
OBV 123333Sell
VWAP 163Sell
ADL 0Sell
ROC 4Buy
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 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 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 SELL. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 162.61 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. 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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