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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 2021-09-21 View latest technical analysis

10 day averaged volume of Elecon Eng is 169180

Date Daily Closing Price Open High Low Volume
21 Tue Sep 2021 165.60 168.00 169.20 158.00 0.964 times
20 Mon Sep 2021 167.85 174.95 174.95 166.05 0.574 times
17 Fri Sep 2021 173.45 178.05 181.00 170.00 1.257 times
16 Thu Sep 2021 178.00 175.75 182.00 171.25 1.665 times
15 Wed Sep 2021 173.10 178.90 178.90 171.85 0.43 times
14 Tue Sep 2021 175.95 178.85 178.95 173.95 0.892 times
13 Mon Sep 2021 176.60 177.85 181.45 175.10 1.295 times
09 Thu Sep 2021 177.25 179.00 182.90 175.60 1.126 times
08 Wed Sep 2021 180.50 170.00 185.95 168.50 1.574 times
07 Tue Sep 2021 169.65 168.95 174.55 164.95 0.752 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 163.8 as stoploss in an intra day buy trade for a target of 169.65. However, stock will show a bearish move below 163.8.

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 158.00
Downside Target 164.95
Upside Target 168.25
Upside Target 174.95
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 157.42
Downside Intraday Target 149.23
Upside Intraday Target 174.37
Upside Intraday Target 183.13
Upside Intraday Target 166.18

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
21 Tue Sep 2021 165.60 174.95 174.95 158.00 0.278 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
21 Tue Sep 2021 165.60 168.50 185.95 158.00 0.471 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 16, 21, 12 Sell
MACD 10, 13Sell
Stochastics 27Sell
CCI -175Sell
RSI 67Buy
OBV -585495Sell
VWAP 175Sell
ADL 0Sell
ROC -2Sell
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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining 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 174.92 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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