(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 2022-05-23 View latest technical analysis
10 day averaged volume of Elecon Eng is 104078
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon May 2022 | 198.00 | 206.25 | 212.00 | 195.90 | 1.084 times |
| 20 Fri May 2022 | 205.05 | 195.15 | 209.40 | 195.15 | 1.716 times |
| 19 Thu May 2022 | 190.15 | 194.40 | 196.00 | 188.10 | 0.499 times |
| 18 Wed May 2022 | 197.50 | 196.95 | 202.45 | 190.80 | 1.85 times |
| 17 Tue May 2022 | 193.00 | 186.70 | 194.85 | 185.30 | 1.037 times |
| 16 Mon May 2022 | 185.30 | 182.00 | 191.95 | 181.50 | 0.612 times |
| 13 Fri May 2022 | 184.55 | 178.00 | 193.80 | 178.00 | 0.736 times |
| 12 Thu May 2022 | 181.10 | 178.70 | 184.45 | 170.50 | 0.685 times |
| 11 Wed May 2022 | 176.50 | 162.20 | 178.90 | 158.80 | 1.612 times |
| 10 Tue May 2022 | 166.85 | 170.00 | 173.90 | 165.90 | 0.394 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 194, but if it comes below 194, then a intra day sell could be more profitable.
If you take a sell trade below 194, then use 194 as stoploss and 184.37 as target. However if you take a buy trade in stock , then use 194 as stoploss and 205.5 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 |
| Downside Target | 193.80 |
| Downside Target | 196.20 |
| Upside Target | 199.55 |
| Upside Target | 209.40 |
| Upside Target | 212.00 |
| Upside Target | 214.15 |
Intraday share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Intraday Target | 191.93 |
| Downside Intraday Target | 185.87 |
| Upside Intraday Target | 208.03 |
| Upside Intraday Target | 218.07 |
| Upside Intraday Target | 201.97 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon May 2022 | 198.00 | 206.25 | 212.00 | 195.90 | 0.19 times |
| 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 |
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 |
| 23 Mon May 2022 | 198.00 | 182.00 | 212.00 | 158.80 | 0.679 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 | 29, 11, 47 | Buy |
| MACD | 11, 9 | Buy |
| Stochastics | 79 | Buy |
| CCI | 103 | Sell |
| RSI | 54 | Buy |
| OBV | 529979 | Sell |
| VWAP | 191 | Buy |
| ADL | 0 | Sell |
| ROC | 17 | 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 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 coming down
CCI has generated a SELL signal for Elecon Eng in short term but SELL signal is weak.
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 190.75 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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