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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 326925

Date Daily Closing Price Open High Low Volume
18 Fri Jun 2021 139.75 135.40 140.50 117.70 1.189 times
17 Thu Jun 2021 130.15 133.65 142.35 128.00 1.363 times
16 Wed Jun 2021 135.25 128.95 138.50 125.90 1.048 times
15 Tue Jun 2021 127.65 125.00 129.25 121.85 1.08 times
14 Mon Jun 2021 121.35 124.20 124.90 116.85 0.442 times
11 Fri Jun 2021 123.35 126.45 127.75 122.25 0.573 times
10 Thu Jun 2021 125.65 125.00 129.45 124.95 1.126 times
09 Wed Jun 2021 123.85 122.30 133.60 120.40 1.7 times
08 Tue Jun 2021 122.15 120.20 123.75 115.00 0.818 times
07 Mon Jun 2021 120.70 126.80 126.80 120.00 0.468 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 142.2, for a target of 130 or 119.83

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
Downside Target 129.95
Downside Target 133.60
Upside Target 142.35

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 123.62
Downside Intraday Target 107.48
Upside Intraday Target 149.12
Upside Intraday Target 158.48
Downside Intraday Target 132.98

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
18 Fri Jun 2021 139.75 124.20 142.35 116.85 1.093 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
18 Fri Jun 2021 139.75 118.75 142.35 109.30 1.847 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Elecon Eng (EleconEng)

Indicator Name Indicator Value Indicator Signal
ADX 28, 21, 15 Buy
MACD 21, 20Buy
Stochastics 77Buy
CCI 103Sell
RSI 65Buy
OBV 3243413Sell
VWAP 128Buy
ADL 0Sell
ROC 12Buy
Force Index 0Sell

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 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 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 Weak 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Elecon Eng in short term but SELL signal is weak.

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 128.06 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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