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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 2024-04-08 View latest technical analysis

10 day averaged volume of Elecon Eng is 17147

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1024.20	1032.95	1032.95	1012.75	1.32 times
05 Fri Apr 2024	1005.95	980.65	1014.40	975.35	1.044 times
04 Thu Apr 2024	984.50	985.00	995.00	973.60	0.488 times
03 Wed Apr 2024	977.20	962.35	981.85	959.00	0.317 times
02 Tue Apr 2024	972.40	989.95	989.95	962.30	0.895 times
01 Mon Apr 2024	977.55	952.55	980.00	952.00	1.543 times
28 Thu Mar 2024	949.85	968.55	974.45	933.75	0.42 times
27 Wed Mar 2024	958.50	967.95	970.00	926.40	2.101 times
26 Tue Mar 2024	943.80	938.45	947.70	905.05	0.72 times
22 Fri Mar 2024	918.15	896.85	924.00	884.15	1.173 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 984.2, but if it comes below 984.2, then a intra day sell could be more profitable.
If you take a sell trade below 984.2, then use 984.2 as stoploss and 921.79 as target. However if you take a buy trade in stock , then use 984.2 as stoploss and 1059.1 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	1012.75
Downside Target	1014.40
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	1013.65
Downside Intraday Target	1003.1
Upside Intraday Target	1033.85
Upside Intraday Target	1043.5
Downside Intraday Target	1023.3

Weekly technical analysis of Elecon Eng (EleconEng)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	1024.20	1032.95	1032.95	1012.75	0.308 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
15 Fri Mar 2024	872.90	963.60	963.60	790.10	3.897 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
08 Mon Apr 2024	1024.20	952.55	1032.95	952.00	0.219 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 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 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 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 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 SELL signal in short term and selling is picking up 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 971.99 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.