(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 2022-05-06 View latest technical analysis
10 day averaged volume of Elecon Eng is 90243
|Date||Daily Closing Price||Open||High||Low||Volume|
|06 Fri May 2022||173.15||168.00||175.60||166.65||1.752 times|
|05 Thu May 2022||172.55||184.40||185.00||167.30||1.476 times|
|04 Wed May 2022||181.80||191.70||193.90||180.45||0.818 times|
|02 Mon May 2022||186.05||182.00||190.60||182.00||0.785 times|
|29 Fri Apr 2022||187.80||182.00||193.70||181.55||1.6 times|
|28 Thu Apr 2022||181.15||183.70||184.55||178.00||0.617 times|
|27 Wed Apr 2022||180.95||183.55||187.60||178.40||1.106 times|
|26 Tue Apr 2022||186.90||193.00||196.20||186.00||0.871 times|
|25 Mon Apr 2022||189.60||186.20||194.15||183.20||1.247 times|
|22 Fri Apr 2022||187.25||189.00||192.00||185.10||0.531 times|
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 177.6, but if it comes above 177.6, then a intra day buy could be more profitable.
If you take a sell trade below 177.6, then use 177.6 as stoploss and 169.9 as target. However if you take a buy trade in stock , then use 177.6 as stoploss and 183.93 as target.
Share price targets for Elecon Eng (EleconEng)
Intraday share price targets for Elecon Eng (EleconEng)
|Downside Intraday Target||161.9|
|Downside Intraday Target||150.65|
|Upside Intraday Target||189.15|
|Upside Intraday Target||205.15|
|Upside Intraday Target||177.9|
Weekly technical analysis of Elecon Eng (EleconEng)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|06 Fri May 2022||173.15||182.00||193.90||166.65||0.888 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|
|06 Fri May 2022||173.15||182.00||193.90||166.65||0.186 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||21, 20, 3||Buy|
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 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 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 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 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 181.79 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.