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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 63765

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 1133.45 1161.20 1165.70 1124.80 0.539 times
29 Mon Apr 2024 1161.30 1122.20 1178.80 1122.20 0.728 times
26 Fri Apr 2024 1128.50 1161.45 1161.45 1120.00 0.151 times
25 Thu Apr 2024 1141.80 1159.40 1165.00 1129.85 0.647 times
24 Wed Apr 2024 1149.50 1130.95 1170.50 1130.95 0.373 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1132.3, but if it comes below 1132.3, then a intra day sell could be more profitable.
If you take a sell trade below 1132.3, then use 1132.3 as stoploss and 1057.17 as target. However if you take a buy trade in stock , then use 1132.3 as stoploss and 1222.4 as target.

Share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Target 790.10
Downside Target 859.00
Downside Target 903.80
Downside Target 952.00
Downside Target 1009.75
Downside Target 1108.25
Downside Target 1114.20
Downside Target 1120.50
Downside Target 1122.20
Upside Target 1178.80
Upside Target 1197.55
Upside Target 1244.95

Intraday share price targets for Elecon Eng (EleconEng)

Target Type Value
Downside Intraday Target 1110.83
Downside Intraday Target 1088.22
Upside Intraday Target 1167.43
Upside Intraday Target 1201.42
Upside Intraday Target 1144.82

Weekly technical analysis of Elecon Eng (EleconEng)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 1133.45 1122.20 1178.80 1122.20 0.37 times
26 Fri Apr 2024 1128.50 1244.95 1244.95 1114.20 0.606 times
19 Fri Apr 2024 1166.60 904.05 1197.55 904.05 4.652 times
12 Fri Apr 2024 971.65 1032.95 1032.95 966.35 1.052 times
05 Fri Apr 2024 1005.95 952.55 1014.40 952.00 1.323 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
30 Tue Apr 2024 1133.45 952.55 1244.95 904.05 1.844 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

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 27, 13, 36 Buy
MACD 86, 75Buy
Stochastics 66None
CCI 31Sell
RSI 61Buy
OBV 204936Sell
VWAP 1140Sell
ADL 0Sell
ROC 15Buy
Force Index 0Sell

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 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 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 losing momentum.

MACD generated a BUY signal for Elecon Eng in short term and the buy 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. 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 coming down

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 but buying is losing 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 1140.03 and Elecon Eng (EleconEng) stock is trading below this level. This means that stock is falling with high volumes. 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.

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