(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 2022-05-09 View latest technical analysis
10 day averaged volume of Elecon Eng is 97484
| Date | Daily Closing Price | Open | High | Low | Volume |
| 09 Mon May 2022 | 169.50 | 174.00 | 174.00 | 162.15 | 0.917 times |
| 06 Fri May 2022 | 173.15 | 168.00 | 175.60 | 166.65 | 1.622 times |
| 05 Thu May 2022 | 172.55 | 184.40 | 185.00 | 167.30 | 1.366 times |
| 04 Wed May 2022 | 181.80 | 191.70 | 193.90 | 180.45 | 0.757 times |
| 02 Mon May 2022 | 186.05 | 182.00 | 190.60 | 182.00 | 0.726 times |
| 29 Fri Apr 2022 | 187.80 | 182.00 | 193.70 | 181.55 | 1.481 times |
| 28 Thu Apr 2022 | 181.15 | 183.70 | 184.55 | 178.00 | 0.571 times |
| 27 Wed Apr 2022 | 180.95 | 183.55 | 187.60 | 178.40 | 1.024 times |
| 26 Tue Apr 2022 | 186.90 | 193.00 | 196.20 | 186.00 | 0.806 times |
| 25 Mon Apr 2022 | 189.60 | 186.20 | 194.15 | 183.20 | 1.154 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 168, for a target of 176.4 or 183.46
Share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Target | 129.30 |
| Downside Target | 136.75 |
| Downside Target | 143.00 |
| Downside Target | 162.15 |
| Upside Target | 174.00 |
| 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 | 163.1 |
| Downside Intraday Target | 156.7 |
| Upside Intraday Target | 174.95 |
| Upside Intraday Target | 180.4 |
| Downside Intraday Target | 168.55 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 09 Mon May 2022 | 169.50 | 174.00 | 174.00 | 162.15 | 0.205 times |
| 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 |
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 |
| 09 Mon May 2022 | 169.50 | 182.00 | 193.90 | 162.15 | 0.225 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 | 18, 22, 8 | Sell |
| MACD | 5, 9 | Sell |
| Stochastics | 21 | Sell |
| CCI | -145 | Sell |
| RSI | 47 | Sell |
| OBV | 574670 | Sell |
| VWAP | 180 | Sell |
| ADL | 0 | Sell |
| ROC | -9 | Sell |
| Force Index | 0 | Sell |
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 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 SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling 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 180.45 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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