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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 2024-02-23 View latest technical analysis

10 day averaged volume of Elecon Eng is 15911

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	1017.35	1002.55	1028.00	999.85	1.181 times
22 Thu Feb 2024	997.35	990.55	1009.30	990.55	0.612 times
21 Wed Feb 2024	1000.55	1041.45	1041.45	985.35	0.686 times
20 Tue Feb 2024	1020.85	1057.90	1057.90	1017.60	1.543 times
19 Mon Feb 2024	1042.95	1049.90	1059.00	1027.35	1.794 times
16 Fri Feb 2024	1020.80	1033.20	1049.95	1012.00	0.406 times
15 Thu Feb 2024	1026.15	1041.00	1063.45	1024.40	0.405 times
14 Wed Feb 2024	1038.15	1004.90	1047.80	991.55	0.565 times
13 Tue Feb 2024	1005.05	1001.85	1013.80	970.00	1.486 times
12 Mon Feb 2024	985.20	993.90	1013.40	980.30	1.868 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1007.9 as stoploss in an intra day buy trade for a target of 1038.44. However, stock will show a bearish move below 1007.9.

Share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Target	714.00
Downside Target	849.50
Downside Target	903.80
Downside Target	970.00
Upside Target	1039.75
Upside Target	1059.00
Upside Target	1063.45
Upside Target	1087.50
Upside Target	1108.25
Upside Target	1119.55
Upside Target	1120.50

Intraday share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Intraday Target	982.13
Downside Intraday Target	946.92
Upside Intraday Target	1055.78
Upside Intraday Target	1094.22
Upside Intraday Target	1020.57

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	1017.35	1049.90	1059.00	985.35	1.229 times
16 Fri Feb 2024	1020.80	993.90	1063.45	970.00	1.411 times
09 Fri Feb 2024	1014.20	1067.20	1087.50	997.00	0.313 times
02 Fri Feb 2024	1066.85	1040.05	1120.50	1039.75	0.901 times
25 Thu Jan 2024	1036.00	1086.10	1119.55	1001.20	1.152 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 Fri Feb 2024	1017.35	1107.55	1108.25	970.00	0.329 times
31 Wed Jan 2024	1100.80	952.95	1120.50	903.80	1.423 times
29 Fri Dec 2023	926.90	948.00	984.30	859.00	0.594 times
30 Thu Nov 2023	942.45	850.00	987.55	850.00	1.157 times

Scroll below to view daily charts

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

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short to mid 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.

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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elecon Eng in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Eng in short term but BUY 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

Stock of Elecon Eng is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1014.12 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.