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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 2022-04-19 View latest technical analysis

10 day averaged volume of Elecon Eng is 151633

Date Daily Closing Price Open High Low Volume
19 Tue Apr 2022 190.70 194.10 197.95 187.20 0.902 times
18 Mon Apr 2022 194.60 188.00 199.55 183.85 0.896 times
13 Wed Apr 2022 188.25 192.80 193.00 185.90 0.516 times
12 Tue Apr 2022 187.55 186.75 198.90 186.00 2.241 times
11 Mon Apr 2022 185.45 176.00 187.00 174.30 0.743 times
08 Fri Apr 2022 174.30 174.30 176.80 171.50 0.354 times
07 Thu Apr 2022 173.70 180.55 180.60 172.80 0.31 times
06 Wed Apr 2022 178.85 175.30 183.85 175.30 0.905 times
05 Tue Apr 2022 177.95 172.80 181.45 167.50 1.076 times
04 Mon Apr 2022 171.45 156.90 173.85 156.10 1.871 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 183.4, but if it comes below 183.4, then a intra day sell could be more profitable.
If you take a sell trade below 183.4, then use 183.4 as stoploss and 164.69 as target. However if you take a buy trade in stock , then use 183.4 as stoploss and 205.9 as target.

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 183.18
Downside Intraday Target 175.67
Upside Intraday Target 198.88
Upside Intraday Target 207.07
Upside Intraday Target 191.37

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
19 Tue Apr 2022 190.70 188.00 199.55 183.85 0.514 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
19 Tue Apr 2022 190.70 143.10 199.55 143.00 1.209 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 39, 8, 68 Buy
MACD 15, 10Buy
Stochastics 84Buy
CCI 90Sell
RSI 54Buy
OBV 1057386Sell
VWAP 183Buy
ADL 0Sell
ROC 23Buy
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 losing 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 coming down

CCI has generated a SELL signal for Elecon Eng in short term but SELL signal is weak.

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 182.52 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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