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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 2024-03-18 View latest technical analysis

10 day averaged volume of Elecon Eng is 30774

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	848.10	871.75	880.15	844.85	0.34 times
15 Fri Mar 2024	872.90	848.90	893.95	841.40	1.658 times
14 Thu Mar 2024	848.55	824.95	858.95	790.10	1.519 times
13 Wed Mar 2024	810.35	870.85	885.50	795.10	2.753 times
12 Tue Mar 2024	870.40	949.10	952.35	858.40	1.8 times
11 Mon Mar 2024	943.55	963.60	963.60	920.30	0.204 times
07 Thu Mar 2024	961.00	930.05	966.15	930.00	0.622 times
06 Wed Mar 2024	942.85	982.00	982.00	934.00	0.426 times
05 Tue Mar 2024	980.10	999.60	999.60	974.65	0.502 times
04 Mon Mar 2024	991.55	999.60	1000.60	975.50	0.485 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 886.4, but if it comes above 886.4, then a intra day buy could be more profitable.
If you take a sell trade below 886.4, then use 886.4 as stoploss and 810.8 as target. However if you take a buy trade in stock , then use 886.4 as stoploss and 949.37 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Target	790.10
Downside Target	844.85
Upside Target	880.15
Upside Target	903.80
Upside Target	930.00
Upside Target	963.60
Upside Target	984.30
Upside Target	1000.60
Upside Target	1009.75
Upside Target	1025.45
Upside Target	1059.00
Upside Target	1108.25
Upside Target	1120.50

Intraday share price targets for Elecon Eng (EleconEng)

Target Type	Value
Downside Intraday Target	835.25
Downside Intraday Target	822.4
Upside Intraday Target	870.55
Upside Intraday Target	893
Upside Intraday Target	857.7

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	848.10	871.75	880.15	844.85	0.043 times
15 Fri Mar 2024	872.90	963.60	963.60	790.10	3.897 times
07 Thu Mar 2024	961.00	999.60	1000.60	930.00	0.954 times
02 Sat Mar 2024	999.60	1017.75	1025.45	911.00	0.71 times
23 Fri Feb 2024	1017.35	1049.90	1059.00	985.35	1.229 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
18 Mon Mar 2024	848.10	996.05	1009.75	790.10	1.023 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
29 Fri Dec 2023	926.90	948.00	984.30	859.00	0.594 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 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 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 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 gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elecon Eng in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 871.77 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.