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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 2022-04-28 View latest technical analysis

10 day averaged volume of Elecon Eng is 117721

Date Daily Closing Price Open High Low Volume
28 Thu Apr 2022 181.15 183.70 184.55 178.00 0.473 times
27 Wed Apr 2022 180.95 183.55 187.60 178.40 0.848 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.668 times
25 Mon Apr 2022 189.60 186.20 194.15 183.20 0.956 times
22 Fri Apr 2022 187.25 189.00 192.00 185.10 0.407 times
21 Thu Apr 2022 190.25 189.00 194.00 188.00 0.728 times
20 Wed Apr 2022 187.65 192.40 195.25 185.00 0.526 times
19 Tue Apr 2022 190.70 194.10 197.95 187.20 1.162 times
18 Mon Apr 2022 194.60 188.00 199.55 183.85 1.154 times
13 Wed Apr 2022 188.25 192.80 193.00 185.90 0.664 times

My analysis of stock is bullish for shortterm, and stock might move up till 192.8 or till 210. Use a stoploss of 178.53 and if this stock hits its stoploss, then it can fall down till 164.22

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 178.00
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 174.03
Downside Intraday Target 166.92
Upside Intraday Target 192.23
Upside Intraday Target 203.32
Upside Intraday Target 185.12

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
28 Thu Apr 2022 181.15 186.20 196.20 178.00 0.74 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
28 Thu Apr 2022 181.15 143.10 199.55 143.00 1.605 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 24, 15, 23 Buy
MACD 12, 13Sell
Stochastics 26Sell
CCI -176Sell
RSI 50Sell
OBV 1246324Sell
VWAP 188Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 SELL signal for Elecon Eng in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 188.48 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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