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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 2022-04-18 View latest technical analysis

10 day averaged volume of Elecon Eng is 147824

Date Daily Closing Price Open High Low Volume
18 Mon Apr 2022 194.60 188.00 199.55 183.85 0.919 times
13 Wed Apr 2022 188.25 192.80 193.00 185.90 0.529 times
12 Tue Apr 2022 187.55 186.75 198.90 186.00 2.299 times
11 Mon Apr 2022 185.45 176.00 187.00 174.30 0.762 times
08 Fri Apr 2022 174.30 174.30 176.80 171.50 0.363 times
07 Thu Apr 2022 173.70 180.55 180.60 172.80 0.318 times
06 Wed Apr 2022 178.85 175.30 183.85 175.30 0.928 times
05 Tue Apr 2022 177.95 172.80 181.45 167.50 1.104 times
04 Mon Apr 2022 171.45 156.90 173.85 156.10 1.919 times
01 Fri Apr 2022 155.30 143.10 157.30 143.00 1.117 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 202.2, for a target of 180.9 or 163.09

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 129.30
Downside Target 136.75
Downside Target 142.55
Downside Target 156.10
Downside Target 160.70
Downside Target 174.30
Downside Target 183.40
Downside Target 183.85
Upside Target 198.90
Upside Target 199.55
Upside Target 212.80
Upside Target 214.15

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 185.78
Downside Intraday Target 176.97
Upside Intraday Target 201.48
Upside Intraday Target 208.37
Downside Intraday Target 192.67

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
18 Mon Apr 2022 194.60 188.00 199.55 183.85 0.256 times
13 Wed Apr 2022 188.25 176.00 198.90 174.30 0.775 times
08 Fri Apr 2022 174.30 156.90 183.85 156.10 1.448 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

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
18 Mon Apr 2022 194.60 143.10 199.55 143.00 1.109 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 44, 8, 68 Buy
MACD 14, 8Buy
Stochastics 84Buy
CCI 110Buy
RSI 54Buy
OBV 1232662Sell
VWAP 179Buy
ADL 0Sell
ROC 35Buy
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 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 tired and bears are picking up momentum.

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 and the buying is gaining 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 178.82 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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