(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 2021-09-16 View latest technical analysis
10 day averaged volume of Elecon Eng is 161540
|Date||Daily Closing Price||Open||High||Low||Volume|
|16 Thu Sep 2021||178.00||175.75||182.00||171.25||1.744 times|
|15 Wed Sep 2021||173.10||178.90||178.90||171.85||0.451 times|
|14 Tue Sep 2021||175.95||178.85||178.95||173.95||0.934 times|
|13 Mon Sep 2021||176.60||177.85||181.45||175.10||1.357 times|
|09 Thu Sep 2021||177.25||179.00||182.90||175.60||1.179 times|
|08 Wed Sep 2021||180.50||170.00||185.95||168.50||1.648 times|
|07 Tue Sep 2021||169.65||168.95||174.55||164.95||0.788 times|
|06 Mon Sep 2021||168.20||168.20||171.85||167.30||0.456 times|
|03 Fri Sep 2021||169.60||171.10||174.40||168.50||0.748 times|
|02 Thu Sep 2021||170.60||171.15||173.80||168.45||0.907 times|
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 175.8, but if it comes below 175.8, then a intra day sell could be more profitable.
If you take a sell trade below 175.8, then use 175.8 as stoploss and 168.61 as target. However if you take a buy trade in stock , then use 175.8 as stoploss and 184.3 as target.
Share price targets for Elecon Eng (EleconEng)
Intraday share price targets for Elecon Eng (EleconEng)
|Downside Intraday Target||172.17|
|Downside Intraday Target||166.33|
|Upside Intraday Target||182.92|
|Upside Intraday Target||187.83|
|Downside Intraday Target||177.08|
Weekly technical analysis of Elecon Eng (EleconEng)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|16 Thu Sep 2021||178.00||177.85||182.00||171.25||1.102 times|
|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|
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|
|16 Thu Sep 2021||178.00||168.50||185.95||162.80||0.377 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||23, 10, 39||Buy|
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 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 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 Strong and stock is gaining momentum.
MACD generated a SELL signal for Elecon Eng in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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. 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 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 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 175.37 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.