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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 2021-08-27 View latest technical analysis

10 day averaged volume of Elecon Eng is 268157

Date Daily Closing Price Open High Low Volume
27 Fri Aug 2021 163.15 164.50 166.75 161.90 0.316 times
26 Thu Aug 2021 164.25 163.90 168.25 159.55 0.527 times
25 Wed Aug 2021 160.25 160.80 163.45 158.00 0.485 times
24 Tue Aug 2021 160.80 152.00 163.50 148.30 0.769 times
23 Mon Aug 2021 151.00 164.35 166.55 145.50 1.134 times
20 Fri Aug 2021 163.70 171.50 171.50 159.60 0.618 times
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.638 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 1.021 times
16 Mon Aug 2021 178.40 163.35 182.20 159.55 2.094 times
13 Fri Aug 2021 162.15 151.00 163.90 150.90 2.141 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 167.2 as stoploss in an intra day sell trade for a target of 156.15. However, stock will show a bullish move above 167.2.

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 168.25
Upside Target 183.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 149.68
Downside Intraday Target 136.22
Upside Intraday Target 172.43
Upside Intraday Target 181.72
Downside Intraday Target 158.97

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
27 Fri Aug 2021 163.15 164.35 168.25 145.50 0.739 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
27 Fri Aug 2021 163.15 138.90 183.60 136.60 0.354 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 21, 19, 6 Buy
MACD 13, 14Sell
Stochastics 49None
CCI -8Sell
RSI 62Buy
OBV 488866Sell
VWAP 167Sell
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 SELL signal for Elecon Eng in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 166.52 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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