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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 310856

Date Daily Closing Price Open High Low Volume
15 Tue Jun 2021 127.65 125.00 129.25 121.85 1.135 times
14 Mon Jun 2021 121.35 124.20 124.90 116.85 0.465 times
11 Fri Jun 2021 123.35 126.45 127.75 122.25 0.603 times
10 Thu Jun 2021 125.65 125.00 129.45 124.95 1.184 times
09 Wed Jun 2021 123.85 122.30 133.60 120.40 1.788 times
08 Tue Jun 2021 122.15 120.20 123.75 115.00 0.86 times
07 Mon Jun 2021 120.70 126.80 126.80 120.00 0.492 times
04 Fri Jun 2021 124.40 123.15 129.95 123.15 1.452 times
03 Thu Jun 2021 123.85 123.50 125.45 120.05 1.61 times
02 Wed Jun 2021 120.10 113.00 122.50 112.70 0.598 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 125.5, but if it comes below 125.5, then a intra day sell could be more profitable.
If you take a sell trade below 125.5, then use 125.5 as stoploss and 113.01 as target. However if you take a buy trade in stock , then use 125.5 as stoploss and 140.6 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 45.40
Downside Target 53.65
Downside Target 60.20
Downside Target 61.45
Downside Target 69.50
Downside Target 83.80
Downside Target 90.10
Downside Target 94.50
Downside Target 98.75
Downside Target 109.30
Downside Target 115.00
Downside Target 120.70
Upside Target 129.25
Upside Target 129.95
Upside Target 133.60

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 119.92
Downside Intraday Target 112.18
Upside Intraday Target 132.32
Upside Intraday Target 136.98
Downside Intraday Target 124.58

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
15 Tue Jun 2021 127.65 124.20 129.25 116.85 0.325 times
11 Fri Jun 2021 123.35 126.80 133.60 115.00 0.918 times
04 Fri Jun 2021 124.40 112.80 129.95 109.30 1.131 times
28 Fri May 2021 111.65 93.00 120.70 90.10 5.43 times
21 Fri May 2021 89.40 85.50 94.50 85.25 1.743 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
15 Tue Jun 2021 127.65 118.75 133.60 109.30 1.378 times
31 Mon May 2021 118.10 92.00 120.70 83.80 1.257 times
30 Fri Apr 2021 91.90 65.90 98.75 61.45 1.067 times
31 Wed Mar 2021 63.35 58.15 69.50 53.65 0.894 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 31, 19, 24 Buy
MACD 19, 19Sell
Stochastics 60None
CCI 78Buy
RSI 63Buy
OBV 2934555Sell
VWAP 124Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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 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 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 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 123.9 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.

Click here for Elecon Eng charts

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Daily charts

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