(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 25344
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 1065.55 | 1036.20 | 1071.70 | 1031.35 | 0.34 times |
| 07 Tue May 2024 | 1041.25 | 1060.40 | 1063.45 | 1025.40 | 0.956 times |
| 06 Mon May 2024 | 1060.40 | 1109.95 | 1109.95 | 1053.55 | 1.762 times |
| 03 Fri May 2024 | 1101.60 | 1140.10 | 1146.50 | 1085.10 | 0.567 times |
| 02 Thu May 2024 | 1138.00 | 1139.25 | 1162.70 | 1125.00 | 0.239 times |
My analysis of stock is bearish for shortterm, and stock might move down till 1017.7 or till 940.9. Use a stoploss of 1081.63 and if the stock hits stoploss, then it can shoot up till 1145.6
Share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Target | 790.10 |
| Downside Target | 903.80 |
| Downside Target | 966.35 |
| Downside Target | 1009.75 |
| Upside Target | 1085.10 |
| Upside Target | 1108.25 |
| Upside Target | 1114.20 |
| Upside Target | 1120.50 |
| Upside Target | 1162.70 |
| 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 | 1023.98 |
| Downside Intraday Target | 982.42 |
| Upside Intraday Target | 1108.53 |
| Upside Intraday Target | 1151.52 |
| Upside Intraday Target | 1066.97 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 1065.55 | 1109.95 | 1109.95 | 1025.40 | 0.765 times |
| 03 Fri May 2024 | 1101.60 | 1122.20 | 1178.80 | 1085.10 | 0.464 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 |
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 |
| 08 Wed May 2024 | 1065.55 | 1139.25 | 1162.70 | 1025.40 | 0.121 times |
| 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 |
Price has moved down 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 | 19, 24, 11 | Sell |
| MACD | 49, 65 | Sell |
| Stochastics | 13 | Sell |
| CCI | -112 | Buy |
| RSI | 55 | Buy |
| OBV | 118624 | Sell |
| VWAP | 1116 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
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 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 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
ADX buy sell signal for Elecon Eng stock for short term is SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 buy signal for Elecon Eng in short term but BUY 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
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 1115.54 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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