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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 2021-09-09 View latest technical analysis

10 day averaged volume of Elecon Eng is 154004

Date Daily Closing Price Open High Low Volume
09 Thu Sep 2021 177.25 179.00 182.90 175.60 1.236 times
08 Wed Sep 2021 180.50 170.00 185.95 168.50 1.729 times
07 Tue Sep 2021 169.65 168.95 174.55 164.95 0.827 times
06 Mon Sep 2021 168.20 168.20 171.85 167.30 0.478 times
03 Fri Sep 2021 169.60 171.10 174.40 168.50 0.785 times
02 Thu Sep 2021 170.60 171.15 173.80 168.45 0.951 times
01 Wed Sep 2021 170.70 168.50 175.15 162.80 1.608 times
31 Tue Aug 2021 164.45 164.90 168.50 160.25 1.436 times
30 Mon Aug 2021 163.05 165.70 166.60 162.00 0.72 times
27 Fri Aug 2021 163.15 164.50 166.75 161.90 0.55 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 174.7, but if it comes below 174.7, then a intra day sell could be more profitable.
If you take a sell trade below 174.7, then use 174.7 as stoploss and 166.87 as target. However if you take a buy trade in stock , then use 174.7 as stoploss and 184.1 as target.

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 168.25
Downside Target 175.15
Upside Target 183.60
Upside Target 185.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 166.15
Downside Intraday Target 155.05
Upside Intraday Target 187.15
Upside Intraday Target 197.05
Downside Intraday Target 176.05

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
09 Thu Sep 2021 177.25 168.20 185.95 164.95 0.776 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 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
09 Thu Sep 2021 177.25 168.50 185.95 162.80 0.233 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 27, 9, 50 Buy
MACD 15, 14Buy
Stochastics 71Buy
CCI 152Buy
RSI 68Buy
OBV 484879Sell
VWAP 171Buy
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 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 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 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 gaining momentum.

MACD generated a BUY signal for Elecon Eng in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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

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 171.03 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

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Daily charts

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Daily chart

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