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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 2021-08-25 View latest technical analysis

10 day averaged volume of Elecon Eng is 285242

Date Daily Closing Price Open High Low Volume
25 Wed Aug 2021 160.25 160.80 163.45 158.00 0.456 times
24 Tue Aug 2021 160.80 152.00 163.50 148.30 0.723 times
23 Mon Aug 2021 151.00 164.35 166.55 145.50 1.066 times
20 Fri Aug 2021 163.70 171.50 171.50 159.60 0.581 times
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.6 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 0.96 times
16 Mon Aug 2021 178.40 163.35 182.20 159.55 1.969 times
13 Fri Aug 2021 162.15 151.00 163.90 150.90 2.013 times
12 Thu Aug 2021 151.70 146.65 153.00 146.65 0.538 times
11 Wed Aug 2021 144.65 145.10 148.50 136.60 0.849 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 165.5 as stoploss in an intra day sell trade for a target of 153.71. However, stock will show a bullish move above 165.5.

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
Downside Target 155.55
Downside 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 148.32
Downside Intraday Target 136.38
Upside Intraday Target 169.37
Upside Intraday Target 178.48
Downside Intraday Target 157.43

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
25 Wed Aug 2021 160.25 164.35 166.55 145.50 0.546 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
25 Wed Aug 2021 160.25 138.90 183.60 136.60 0.337 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 20, 21, 4 Sell
MACD 14, 15Sell
Stochastics 44None
CCI -5Buy
RSI 61Buy
OBV 368589Sell
VWAP 164Sell
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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.

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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.

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 SELL signal for Elecon Eng in short term but the sell 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 in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Elecon Eng in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 164.01 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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