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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 2022-05-02 View latest technical analysis

10 day averaged volume of Elecon Eng is 95926

Date Daily Closing Price Open High Low Volume
02 Mon May 2022 186.05 182.00 190.60 182.00 0.738 times
29 Fri Apr 2022 187.80 182.00 193.70 181.55 1.505 times
28 Thu Apr 2022 181.15 183.70 184.55 178.00 0.581 times
27 Wed Apr 2022 180.95 183.55 187.60 178.40 1.041 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.819 times
25 Mon Apr 2022 189.60 186.20 194.15 183.20 1.173 times
22 Fri Apr 2022 187.25 189.00 192.00 185.10 0.499 times
21 Thu Apr 2022 190.25 189.00 194.00 188.00 0.894 times
20 Wed Apr 2022 187.65 192.40 195.25 185.00 0.645 times
19 Tue Apr 2022 190.70 194.10 197.95 187.20 1.426 times

My analysis of stock is bullish for shortterm, and stock might move up till 191.6 or till 202.1. Use a stoploss of 182.79 and if this stock hits its stoploss, then it can fall down till 174

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
Downside Target 182.00
Upside Target 190.60
Upside Target 196.20
Upside Target 198.90
Upside Target 199.55
Upside Target 214.15

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 181.83
Downside Intraday Target 177.62
Upside Intraday Target 190.43
Upside Intraday Target 194.82
Upside Intraday Target 186.22

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
02 Mon May 2022 186.05 182.00 190.60 182.00 0.144 times
29 Fri Apr 2022 187.80 186.20 196.20 178.00 1.049 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

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
02 Mon May 2022 186.05 182.00 190.60 182.00 0.03 times
29 Fri Apr 2022 187.80 143.10 199.55 143.00 1.711 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

Scroll below to view daily charts

Price has moved down 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 27, 12, 40 Buy
MACD 12, 13Sell
Stochastics 33None
CCI -36Sell
RSI 53Buy
OBV 1227020Sell
VWAP 187Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining 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 weakening, and bulls 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elecon Eng is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 187.27 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.

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Daily charts

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Daily chart

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