(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 2022-05-17 View latest technical analysis
10 day averaged volume of Elecon Eng is 94577
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Tue May 2022 | 193.00 | 186.70 | 194.85 | 185.30 | 1.141 times |
| 16 Mon May 2022 | 185.30 | 182.00 | 191.95 | 181.50 | 0.673 times |
| 13 Fri May 2022 | 184.55 | 178.00 | 193.80 | 178.00 | 0.81 times |
| 12 Thu May 2022 | 181.10 | 178.70 | 184.45 | 170.50 | 0.754 times |
| 11 Wed May 2022 | 176.50 | 162.20 | 178.90 | 158.80 | 1.774 times |
| 10 Tue May 2022 | 166.85 | 170.00 | 173.90 | 165.90 | 0.433 times |
| 09 Mon May 2022 | 169.50 | 174.00 | 174.00 | 162.15 | 0.945 times |
| 06 Fri May 2022 | 173.15 | 168.00 | 175.60 | 166.65 | 1.672 times |
| 05 Thu May 2022 | 172.55 | 184.40 | 185.00 | 167.30 | 1.408 times |
| 04 Wed May 2022 | 181.80 | 191.70 | 193.90 | 180.45 | 0.78 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 189.9, but if it comes below 189.9, then a intra day sell could be more profitable.
If you take a sell trade below 189.9, then use 189.9 as stoploss and 182.63 as target. However if you take a buy trade in stock , then use 189.9 as stoploss and 198.6 as target.
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 | 178.00 |
| Upside Target | 193.80 |
| Upside Target | 194.85 |
| Upside Target | 196.20 |
| Upside Target | 199.55 |
| Upside Target | 214.15 |
Intraday share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Intraday Target | 184.72 |
| Downside Intraday Target | 176.43 |
| Upside Intraday Target | 198.07 |
| Upside Intraday Target | 203.13 |
| Downside Intraday Target | 189.78 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Tue May 2022 | 193.00 | 182.00 | 194.85 | 181.50 | 0.385 times |
| 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 |
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 |
| 17 Tue May 2022 | 193.00 | 182.00 | 194.85 | 158.80 | 0.45 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 up 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, 15, 19 | Buy |
| MACD | 7, 6 | Buy |
| Stochastics | 81 | Buy |
| CCI | 120 | Buy |
| RSI | 51 | Buy |
| OBV | 346480 | Sell |
| VWAP | 178 | Buy |
| ADL | 0 | Sell |
| ROC | 4 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY signal for Elecon Eng in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elecon Eng Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 and the buying is gaining 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 178.13 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.
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