(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)
Intraday share price targets for Elecon Eng (EleconEng)
|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|
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.