Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

10 day averaged volume of Elecon Eng is 41759

Date Daily Closing Price Open High Low Volume
25 Fri Nov 2022 455.90 458.60 465.00 453.30 0.476 times
24 Thu Nov 2022 452.20 450.00 463.95 448.15 1.517 times
23 Wed Nov 2022 446.90 438.80 449.90 430.95 0.545 times
22 Tue Nov 2022 427.60 424.95 434.00 419.50 0.379 times
21 Mon Nov 2022 424.80 426.00 436.50 423.05 0.524 times
18 Fri Nov 2022 425.95 437.55 443.85 410.80 2.056 times
17 Thu Nov 2022 440.80 441.05 447.20 436.30 0.713 times
16 Wed Nov 2022 444.75 435.20 452.40 435.20 0.51 times
15 Tue Nov 2022 443.75 444.15 457.70 440.95 0.641 times
14 Mon Nov 2022 452.10 444.45 455.00 425.60 1.734 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 451.9, but if it comes below 451.9, then a intra day sell could be more profitable.
If you take a sell trade below 451.9, then use 451.9 as stoploss and 422.3 as target. However if you take a buy trade in stock , then use 451.9 as stoploss and 487.5 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 254.00
Downside Target 318.15
Downside Target 326.25
Downside Target 346.30
Downside Target 361.30
Downside Target 376.60
Downside Target 390.00
Downside Target 410.80
Downside Target 415.30
Downside Target 419.50
Upside Target 457.70
Upside Target 458.95
Upside Target 465.00

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 428.6
Downside Intraday Target 401.3
Upside Intraday Target 474.1
Upside Intraday Target 492.3
Downside Intraday Target 446.8

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
25 Fri Nov 2022 455.90 426.00 465.00 419.50 0.609 times
18 Fri Nov 2022 425.95 444.45 457.70 410.80 0.555 times
11 Fri Nov 2022 448.30 398.50 458.95 396.95 1.328 times
04 Fri Nov 2022 397.80 372.10 415.30 346.30 4.654 times
28 Fri Oct 2022 372.65 365.00 376.60 361.30 0.302 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
25 Fri Nov 2022 455.90 377.80 465.00 346.30 1.956 times
31 Mon Oct 2022 377.10 341.50 390.00 326.25 0.352 times
30 Fri Sep 2022 341.55 375.70 415.00 318.15 1.25 times
30 Tue Aug 2022 375.25 360.15 394.50 332.00 0.381 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Elecon Eng (EleconEng)

Indicator Name Indicator Value Indicator Signal
ADX 30, 18, 25 Buy
MACD 39, 38Buy
Stochastics 79Buy
CCI 130Buy
RSI 57Buy
OBV 561320Sell
VWAP 442Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 441.61 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 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 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme