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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 2022-04-27 View latest technical analysis

10 day averaged volume of Elecon Eng is 119010

Date Daily Closing Price Open High Low Volume
27 Wed Apr 2022 180.95 183.55 187.60 178.40 0.839 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.66 times
25 Mon Apr 2022 189.60 186.20 194.15 183.20 0.945 times
22 Fri Apr 2022 187.25 189.00 192.00 185.10 0.403 times
21 Thu Apr 2022 190.25 189.00 194.00 188.00 0.72 times
20 Wed Apr 2022 187.65 192.40 195.25 185.00 0.52 times
19 Tue Apr 2022 190.70 194.10 197.95 187.20 1.15 times
18 Mon Apr 2022 194.60 188.00 199.55 183.85 1.142 times
13 Wed Apr 2022 188.25 192.80 193.00 185.90 0.657 times
12 Tue Apr 2022 187.55 186.75 198.90 186.00 2.855 times

My analysis of stock is bullish for shortterm, and stock might move up till 193 or till 212.7. Use a stoploss of 176.53 and if this stock hits its stoploss, then it can fall down till 160.08

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 129.30
Downside Target 136.75
Downside Target 143.00
Downside Target 156.10
Downside Target 163.25
Downside Target 174.30
Downside Target 178.40
Upside Target 183.40
Upside Target 196.20
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 174.17
Downside Intraday Target 167.38
Upside Intraday Target 191.97
Upside Intraday Target 202.98
Upside Intraday Target 185.18

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
27 Wed Apr 2022 180.95 186.20 196.20 178.40 0.621 times
22 Fri Apr 2022 187.25 188.00 199.55 183.85 0.882 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

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
27 Wed Apr 2022 180.95 143.10 199.55 143.00 1.565 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, 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 26, 16, 24 Buy
MACD 13, 14Sell
Stochastics 42None
CCI -259Sell
RSI 52Buy
OBV 1073537Sell
VWAP 189Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 getting stronger in this stock.

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 and SELL 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 188.56 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.

Click here for Elecon Eng charts

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Daily charts

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Daily chart

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