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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 2022-05-20 View latest technical analysis

10 day averaged volume of Elecon Eng is 102034

Date Daily Closing Price Open High Low Volume
20 Fri May 2022 205.05 195.15 209.40 195.15 1.75 times
19 Thu May 2022 190.15 194.40 196.00 188.10 0.509 times
18 Wed May 2022 197.50 196.95 202.45 190.80 1.887 times
17 Tue May 2022 193.00 186.70 194.85 185.30 1.058 times
16 Mon May 2022 185.30 182.00 191.95 181.50 0.624 times
13 Fri May 2022 184.55 178.00 193.80 178.00 0.751 times
12 Thu May 2022 181.10 178.70 184.45 170.50 0.699 times
11 Wed May 2022 176.50 162.20 178.90 158.80 1.645 times
10 Tue May 2022 166.85 170.00 173.90 165.90 0.402 times
09 Mon May 2022 169.50 174.00 174.00 162.15 0.876 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 203.9, for a target of 192.9 or 183.84

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
Downside Target 193.80
Downside Target 196.20
Downside Target 199.55
Upside Target 209.40
Upside Target 214.15

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 187.9
Downside Intraday Target 170.75
Upside Intraday Target 215.8
Upside Intraday Target 226.55
Downside Intraday Target 198.65

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
20 Fri May 2022 205.05 182.00 209.40 181.50 1.333 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
20 Fri May 2022 205.05 182.00 209.40 158.80 0.631 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 31, 12, 44 Buy
MACD 11, 8Buy
Stochastics 84Buy
CCI 129Buy
RSI 55Buy
OBV 728499Sell
VWAP 188Buy
ADL 0Sell
ROC 18Buy
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 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 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 Strong 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 tired and bears are picking up momentum.

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 188.14 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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