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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 2021-08-31 View latest technical analysis

10 day averaged volume of Elecon Eng is 214936

Date Daily Closing Price Open High Low Volume
31 Tue Aug 2021 164.45 164.90 168.50 160.25 1.029 times
30 Mon Aug 2021 163.05 165.70 166.60 162.00 0.516 times
27 Fri Aug 2021 163.15 164.50 166.75 161.90 0.394 times
26 Thu Aug 2021 164.25 163.90 168.25 159.55 0.657 times
25 Wed Aug 2021 160.25 160.80 163.45 158.00 0.605 times
24 Tue Aug 2021 160.80 152.00 163.50 148.30 0.959 times
23 Mon Aug 2021 151.00 164.35 166.55 145.50 1.415 times
20 Fri Aug 2021 163.70 171.50 171.50 159.60 0.771 times
18 Wed Aug 2021 171.35 176.70 176.85 170.00 0.796 times
17 Tue Aug 2021 176.70 180.00 183.60 168.25 1.274 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 168.3 as stoploss in an intra day sell trade for a target of 158.35. However, stock will show a bullish move above 168.3.

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 136.60
Downside Target 142.80
Downside Target 149.75
Downside Target 155.55
Downside Target 159.55
Downside Target 163.90
Upside Target 168.25
Upside Target 168.50
Upside Target 183.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 160.3
Downside Intraday Target 156.15
Upside Intraday Target 168.55
Upside Intraday Target 172.65
Downside Intraday Target 164.4

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
31 Tue Aug 2021 164.45 165.70 168.50 160.25 0.383 times
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

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
31 Tue Aug 2021 164.45 138.90 183.60 136.60 0.379 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, 17, 11 Buy
MACD 13, 14Sell
Stochastics 47None
CCI 2Buy
RSI 63Buy
OBV 629932Sell
VWAP 164Buy
ADL 0Sell
ROC -8Sell
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 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 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 gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Eng in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 163.75 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 falling down

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 has given negative 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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