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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)

10 day averaged volume of Elecon Eng is 17216

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1016.45	989.25	1021.30	988.25	0.526 times
15 Mon Apr 2024	987.25	904.05	1020.00	904.05	1.235 times
12 Fri Apr 2024	971.65	1001.55	1001.55	966.35	1.441 times
10 Wed Apr 2024	999.05	999.55	1018.00	987.10	0.726 times
09 Tue Apr 2024	1003.30	1025.95	1031.00	994.15	1.012 times
08 Mon Apr 2024	1024.20	1032.95	1032.95	1012.75	1.315 times
05 Fri Apr 2024	1005.95	980.65	1014.40	975.35	1.04 times
04 Thu Apr 2024	984.50	985.00	995.00	973.60	0.487 times
03 Wed Apr 2024	977.20	962.35	981.85	959.00	0.315 times
02 Tue Apr 2024	972.40	989.95	989.95	962.30	0.891 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1007.7, but if it comes below 1007.7, then a intra day sell could be more profitable.
If you take a sell trade below 1007.7, then use 1007.7 as stoploss and 948.98 as target. However if you take a buy trade in stock , then use 1007.7 as stoploss and 1078.2 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Target	790.10
Downside Target	824.45
Downside Target	859.00
Downside Target	903.80
Downside Target	952.00
Downside Target	1009.75
Downside Target	1014.40
Upside Target	1021.30
Upside Target	1032.95
Upside Target	1108.25
Upside Target	1120.50

Intraday share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Intraday Target	939.9
Downside Intraday Target	863.35
Upside Intraday Target	1057.15
Upside Intraday Target	1097.85
Downside Intraday Target	980.6

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	1016.45	904.05	1021.30	904.05	0.392 times
12 Fri Apr 2024	971.65	1032.95	1032.95	966.35	1.052 times
05 Fri Apr 2024	1005.95	952.55	1014.40	952.00	1.323 times
28 Thu Mar 2024	949.85	938.45	974.45	905.05	0.884 times
22 Fri Mar 2024	918.15	871.75	924.00	824.45	0.258 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
16 Tue Apr 2024	1016.45	952.55	1032.95	904.05	0.413 times
28 Thu Mar 2024	949.85	996.05	1009.75	790.10	1.356 times
29 Thu Feb 2024	1005.40	1107.55	1108.25	911.00	0.391 times
31 Wed Jan 2024	1100.80	952.95	1120.50	903.80	1.423 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)

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short 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 short term time period is neutral. A longer time frame might give a better analysis.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Elecon Eng stock for short term is SELL. Signal strength is Strong and stock is losing 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 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 green color and prices are above the green 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 994.81 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.