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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 2022-05-05 View latest technical analysis

10 day averaged volume of Elecon Eng is 83117

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 172.55 184.40 185.00 167.30 1.602 times
04 Wed May 2022 181.80 191.70 193.90 180.45 0.888 times
02 Mon May 2022 186.05 182.00 190.60 182.00 0.852 times
29 Fri Apr 2022 187.80 182.00 193.70 181.55 1.737 times
28 Thu Apr 2022 181.15 183.70 184.55 178.00 0.67 times
27 Wed Apr 2022 180.95 183.55 187.60 178.40 1.201 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.946 times
25 Mon Apr 2022 189.60 186.20 194.15 183.20 1.354 times
22 Fri Apr 2022 187.25 189.00 192.00 185.10 0.576 times
21 Thu Apr 2022 190.25 189.00 194.00 188.00 1.031 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 170.9, for a target of 178.1 or 184.17

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
Upside Target 174.30
Upside Target 178.00
Upside Target 183.40
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 161.93
Downside Intraday Target 151.32
Upside Intraday Target 188.53
Upside Intraday Target 204.52
Upside Intraday Target 177.92

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 172.55 182.00 193.90 167.30 0.566 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
05 Thu May 2022 172.55 182.00 193.90 167.30 0.119 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 23, 21, 4 Buy
MACD 9, 11Sell
Stochastics 26Sell
CCI -193Sell
RSI 49Sell
OBV 952753Sell
VWAP 184Sell
ADL 0Sell
ROC -8Sell
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 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 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 Weak 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 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 184.1 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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