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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 2021-09-06 View latest technical analysis

10 day averaged volume of Elecon Eng is 171319

Date Daily Closing Price Open High Low Volume
06 Mon Sep 2021 168.20 168.20 171.85 167.30 0.43 times
03 Fri Sep 2021 169.60 171.10 174.40 168.50 0.706 times
02 Thu Sep 2021 170.60 171.15 173.80 168.45 0.855 times
01 Wed Sep 2021 170.70 168.50 175.15 162.80 1.445 times
31 Tue Aug 2021 164.45 164.90 168.50 160.25 1.291 times
30 Mon Aug 2021 163.05 165.70 166.60 162.00 0.647 times
27 Fri Aug 2021 163.15 164.50 166.75 161.90 0.494 times
26 Thu Aug 2021 164.25 163.90 168.25 159.55 0.824 times
25 Wed Aug 2021 160.25 160.80 163.45 158.00 0.759 times
24 Tue Aug 2021 160.80 152.00 163.50 148.30 1.203 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 171.9 as stoploss in an intra day sell trade for a target of 162.61. However, stock will show a bullish move above 171.9.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 83.80
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 159.55
Downside Target 167.30
Upside Target 171.85
Upside Target 175.15
Upside Target 183.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 166.38
Downside Intraday Target 164.57
Upside Intraday Target 170.93
Upside Intraday Target 173.67
Upside Intraday Target 169.12

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
06 Mon Sep 2021 168.20 168.20 171.85 167.30 0.087 times
03 Fri Sep 2021 169.60 165.70 175.15 160.25 0.978 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

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
06 Mon Sep 2021 168.20 168.50 175.15 162.80 0.117 times
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

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, 14, 22 Buy
MACD 13, 13Sell
Stochastics 80Buy
CCI 65Sell
RSI 68Buy
OBV -61041Sell
VWAP 166Buy
ADL 0Sell
ROC 11Buy
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 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 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 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 SELL signal for Elecon Eng in short term but the sell signal is initial and weak.

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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 165.63 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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