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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 2022-05-13 View latest technical analysis

10 day averaged volume of Elecon Eng is 100554

Date Daily Closing Price Open High Low Volume
13 Fri May 2022 184.55 178.00 193.80 178.00 0.762 times
12 Thu May 2022 181.10 178.70 184.45 170.50 0.71 times
11 Wed May 2022 176.50 162.20 178.90 158.80 1.669 times
10 Tue May 2022 166.85 170.00 173.90 165.90 0.407 times
09 Mon May 2022 169.50 174.00 174.00 162.15 0.889 times
06 Fri May 2022 173.15 168.00 175.60 166.65 1.573 times
05 Thu May 2022 172.55 184.40 185.00 167.30 1.324 times
04 Wed May 2022 181.80 191.70 193.90 180.45 0.734 times
02 Mon May 2022 186.05 182.00 190.60 182.00 0.704 times
29 Fri Apr 2022 187.80 182.00 193.70 181.55 1.436 times

My analysis of stock is bullish for shortterm, and stock might move up till 190.3 or till 199.3. Use a stoploss of 182.86 and if this stock hits its stoploss, then it can fall down till 175.41

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 129.30
Downside Target 136.75
Downside Target 143.00
Downside Target 158.80
Downside Target 163.25
Downside Target 174.30
Downside Target 178.00
Downside Target 183.40
Upside Target 193.80
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 164.3
Downside Intraday Target 144.05
Upside Intraday Target 199.3
Upside Intraday Target 214.05
Downside Intraday Target 179.05

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
13 Fri May 2022 184.55 174.00 193.80 158.80 1.023 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 up 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
13 Fri May 2022 184.55 182.00 193.90 158.80 0.377 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, 17, 13 Buy
MACD 4, 5Sell
Stochastics 62None
CCI 74Buy
RSI 51Buy
OBV 592875Sell
VWAP 178Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 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 gaining momentum.

MACD generated a SELL signal for Elecon Eng in short term but the sell signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls 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 buy signal for Elecon Eng in short term and BUY 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 178.03 and Elecon Eng (EleconEng) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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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