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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 160813

Date Daily Closing Price Open High Low Volume
24 Fri Sep 2021 169.70 173.00 173.75 169.05 0.494 times
23 Thu Sep 2021 171.80 171.00 174.45 170.20 0.753 times
22 Wed Sep 2021 167.60 163.00 171.75 163.00 0.617 times
21 Tue Sep 2021 165.60 168.00 169.20 158.00 1.015 times
20 Mon Sep 2021 167.85 174.95 174.95 166.05 0.604 times
17 Fri Sep 2021 173.45 178.05 181.00 170.00 1.322 times
16 Thu Sep 2021 178.00 175.75 182.00 171.25 1.752 times
15 Wed Sep 2021 173.10 178.90 178.90 171.85 0.453 times
14 Tue Sep 2021 175.95 178.85 178.95 173.95 0.938 times
13 Mon Sep 2021 176.60 177.85 181.45 175.10 1.363 times

My analysis of stock is bearish for shortterm, and stock might move down till 166 or till 160.1. Use a stoploss of 170.84 and if the stock hits stoploss, then it can shoot up till 175.72

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 83.80
Downside Target 109.30
Downside Target 120.70
Downside Target 124.25
Downside Target 136.60
Downside Target 142.80
Downside Target 149.75
Downside Target 158.00
Downside Target 164.95
Downside Target 168.25
Upside Target 174.95
Upside Target 182.00
Upside Target 183.60
Upside Target 185.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 160.15
Downside Intraday Target 150.6
Upside Intraday Target 177.1
Upside Intraday Target 184.5
Downside Intraday Target 167.55

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
24 Fri Sep 2021 169.70 174.95 174.95 158.00 0.598 times
17 Fri Sep 2021 173.45 177.85 182.00 170.00 1.425 times
09 Thu Sep 2021 177.25 168.20 185.95 164.95 0.776 times
03 Fri Sep 2021 169.60 165.70 175.15 160.25 0.978 times
27 Fri Aug 2021 163.15 164.35 168.25 145.50 0.739 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
24 Fri Sep 2021 169.70 168.50 185.95 158.00 0.53 times
31 Tue Aug 2021 164.45 138.90 183.60 136.60 0.379 times
30 Fri Jul 2021 138.00 138.00 149.75 124.25 2.145 times
30 Wed Jun 2021 136.85 118.75 142.80 109.30 2.467 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 18, 18, 1 Buy
MACD 8, 10Sell
Stochastics 46None
CCI -30Sell
RSI 66Buy
OBV -216545Sell
VWAP 173Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 red color and prices are in or above 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 173.06 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 positive

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

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Daily charts

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