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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 2022-05-04 View latest technical analysis

10 day averaged volume of Elecon Eng is 89418

Date Daily Closing Price Open High Low Volume
04 Wed May 2022 181.80 191.70 193.90 180.45 0.826 times
02 Mon May 2022 186.05 182.00 190.60 182.00 0.792 times
29 Fri Apr 2022 187.80 182.00 193.70 181.55 1.615 times
28 Thu Apr 2022 181.15 183.70 184.55 178.00 0.623 times
27 Wed Apr 2022 180.95 183.55 187.60 178.40 1.116 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.879 times
25 Mon Apr 2022 189.60 186.20 194.15 183.20 1.258 times
22 Fri Apr 2022 187.25 189.00 192.00 185.10 0.536 times
21 Thu Apr 2022 190.25 189.00 194.00 188.00 0.959 times
20 Wed Apr 2022 187.65 192.40 195.25 185.00 0.692 times

My analysis of stock is bearish for shortterm, and stock might move down till 178 or till 170.6. Use a stoploss of 184.11 and if the stock hits stoploss, then it can shoot up till 190.25

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 193.90
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 176.87
Downside Intraday Target 171.93
Upside Intraday Target 190.32
Upside Intraday Target 198.83
Upside Intraday Target 185.38

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
04 Wed May 2022 181.80 182.00 193.90 180.45 0.295 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
04 Wed May 2022 181.80 182.00 193.90 180.45 0.062 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, 10, 45 Buy
MACD 11, 12Sell
Stochastics 36None
CCI -42Sell
RSI 52Buy
OBV 1251000Sell
VWAP 186Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 red color and prices are in or above the red 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 186.22 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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