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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 2022-04-06 View latest technical analysis

10 day averaged volume of Elecon Eng is 108966

Date Daily Closing Price Open High Low Volume
06 Wed Apr 2022 178.85 175.30 183.85 175.30 1.259 times
05 Tue Apr 2022 177.95 172.80 181.45 167.50 1.497 times
04 Mon Apr 2022 171.45 156.90 173.85 156.10 2.604 times
01 Fri Apr 2022 155.30 143.10 157.30 143.00 1.515 times
31 Thu Mar 2022 143.85 145.00 148.20 143.15 0.898 times
30 Wed Mar 2022 144.95 142.90 148.00 141.85 0.473 times
29 Tue Mar 2022 141.00 141.45 142.60 138.65 0.38 times
28 Mon Mar 2022 140.60 147.00 147.35 138.00 1.075 times
25 Fri Mar 2022 144.00 149.80 150.30 142.55 0.664 times
24 Thu Mar 2022 146.70 150.00 152.65 146.25 0.462 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 177.9, for a target of 165.1 or 154.4

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 129.30
Downside Target 136.75
Downside Target 142.55
Downside Target 152.45
Downside Target 156.10
Downside Target 160.70
Downside Target 163.55
Downside Target 166.05
Upside Target 183.40
Upside Target 183.85
Upside Target 212.80
Upside Target 214.15

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 162.02
Downside Intraday Target 145.18
Upside Intraday Target 189.77
Upside Intraday Target 200.68
Downside Intraday Target 172.93

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
06 Wed Apr 2022 178.85 156.90 183.85 156.10 1.235 times
01 Fri Apr 2022 155.30 147.00 157.30 138.00 1.691 times
25 Fri Mar 2022 144.00 158.80 160.70 142.55 1.367 times
17 Thu Mar 2022 158.65 158.40 163.25 152.45 0.473 times
11 Fri Mar 2022 158.35 143.05 161.00 136.75 1.973 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
06 Wed Apr 2022 178.85 143.10 183.85 143.00 0.548 times
31 Thu Mar 2022 143.85 146.20 163.25 136.75 0.82 times
28 Mon Feb 2022 148.45 182.00 183.40 129.30 0.713 times
31 Mon Jan 2022 178.20 185.40 214.15 166.05 1.242 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 41, 12, 55 Buy
MACD 3, -3Buy
Stochastics 91Buy
CCI 141Buy
RSI 57Buy
OBV 917512Sell
VWAP 161Buy
ADL 0Sell
ROC 19Buy
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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 160.63 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.

Click here for Elecon Eng charts

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Daily charts

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Daily chart

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