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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 2021-09-23 View latest technical analysis

10 day averaged volume of Elecon Eng is 175325

Date Daily Closing Price Open High Low Volume
23 Thu Sep 2021 171.80 171.00 174.45 170.20 0.691 times
22 Wed Sep 2021 167.60 163.00 171.75 163.00 0.566 times
21 Tue Sep 2021 165.60 168.00 169.20 158.00 0.931 times
20 Mon Sep 2021 167.85 174.95 174.95 166.05 0.554 times
17 Fri Sep 2021 173.45 178.05 181.00 170.00 1.213 times
16 Thu Sep 2021 178.00 175.75 182.00 171.25 1.607 times
15 Wed Sep 2021 173.10 178.90 178.90 171.85 0.415 times
14 Tue Sep 2021 175.95 178.85 178.95 173.95 0.861 times
13 Mon Sep 2021 176.60 177.85 181.45 175.10 1.25 times
09 Thu Sep 2021 177.25 179.00 182.90 175.60 1.086 times

My analysis of stock is bullish for shortterm, and stock might move up till 175.7 or till 181.8. Use a stoploss of 170.57 and if this stock hits its stoploss, then it can fall down till 165.48

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
Downside 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 161.55
Downside Intraday Target 151.3
Upside Intraday Target 178.5
Upside Intraday Target 185.2
Downside Intraday Target 168.25

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
23 Thu Sep 2021 171.80 174.95 174.95 158.00 0.513 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
23 Thu Sep 2021 171.80 168.50 185.95 158.00 0.515 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 19, 17, 5 Buy
MACD 9, 11Sell
Stochastics 39None
CCI -19Buy
RSI 65Buy
OBV -267219Sell
VWAP 174Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 weakening, and bulls 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 but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 173.73 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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