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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 2022-05-10 View latest technical analysis

10 day averaged volume of Elecon Eng is 101633

Date Daily Closing Price Open High Low Volume
10 Tue May 2022 166.85 170.00 173.90 165.90 0.403 times
09 Mon May 2022 169.50 174.00 174.00 162.15 0.88 times
06 Fri May 2022 173.15 168.00 175.60 166.65 1.556 times
05 Thu May 2022 172.55 184.40 185.00 167.30 1.31 times
04 Wed May 2022 181.80 191.70 193.90 180.45 0.726 times
02 Mon May 2022 186.05 182.00 190.60 182.00 0.697 times
29 Fri Apr 2022 187.80 182.00 193.70 181.55 1.42 times
28 Thu Apr 2022 181.15 183.70 184.55 178.00 0.548 times
27 Wed Apr 2022 180.95 183.55 187.60 178.40 0.982 times
26 Tue Apr 2022 186.90 193.00 196.20 186.00 0.773 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 166.3, for a target of 175.5 or 183.12

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 161.33
Downside Intraday Target 155.82
Upside Intraday Target 173.18
Upside Intraday Target 179.52
Upside Intraday Target 167.67

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
10 Tue May 2022 166.85 174.00 174.00 162.15 0.299 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
10 Tue May 2022 166.85 182.00 193.90 162.15 0.242 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 17, 20, 8 Sell
MACD 3, 7Sell
Stochastics 19Sell
CCI -104Buy
RSI 48Sell
OBV 396545Sell
VWAP 179Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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 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 buy signal for Elecon Eng in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 178.77 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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