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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 2022-05-17 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, 6Buy
Stochastics 81Buy
CCI 120Buy
RSI 51Buy
OBV 346480Sell
VWAP 178Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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.

Click here for Elecon Eng charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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