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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 2021-09-20 View latest technical analysis

10 day averaged volume of Elecon Eng is 171561

Date Daily Closing Price Open High Low Volume
20 Mon Sep 2021 167.85 174.95 174.95 166.05 0.566 times
17 Fri Sep 2021 173.45 178.05 181.00 170.00 1.239 times
16 Thu Sep 2021 178.00 175.75 182.00 171.25 1.642 times
15 Wed Sep 2021 173.10 178.90 178.90 171.85 0.424 times
14 Tue Sep 2021 175.95 178.85 178.95 173.95 0.88 times
13 Mon Sep 2021 176.60 177.85 181.45 175.10 1.277 times
09 Thu Sep 2021 177.25 179.00 182.90 175.60 1.11 times
08 Wed Sep 2021 180.50 170.00 185.95 168.50 1.552 times
07 Tue Sep 2021 169.65 168.95 174.55 164.95 0.742 times
06 Mon Sep 2021 168.20 168.20 171.85 167.30 0.429 times

My analysis of stock is bearish for shortterm, and stock might move down till 161.8 or till 153.3. Use a stoploss of 168.92 and if the stock hits stoploss, then it can shoot up till 176.04

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 160.25
Upside Target 174.95
Upside Target 175.15
Upside Target 182.00
Upside Target 183.60
Upside Target 185.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 164.28
Downside Intraday Target 160.72
Upside Intraday Target 173.18
Upside Intraday Target 178.52
Upside Intraday Target 169.62

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
20 Mon Sep 2021 167.85 174.95 174.95 166.05 0.104 times
17 Fri Sep 2021 173.45 177.85 182.00 170.00 1.425 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

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
20 Mon Sep 2021 167.85 168.50 185.95 162.80 0.438 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 18, 14, 15 Buy
MACD 12, 13Sell
Stochastics 39None
CCI -108Sell
RSI 67Buy
OBV -588131Sell
VWAP 176Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 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 175.52 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. 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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Daily chart

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