(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)
Showing technical analysis as on 2024-06-04 View latest technical analysis
10 day averaged volume of Elecon Eng is 13785
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 1026.90 | 1160.00 | 1160.00 | 957.40 | 5.529 times |
| 03 Mon Jun 2024 | 1150.95 | 1166.05 | 1173.10 | 1129.95 | 0.725 times |
| 31 Fri May 2024 | 1108.75 | 1096.75 | 1117.50 | 1075.15 | 2.049 times |
| 30 Thu May 2024 | 1096.70 | 1112.45 | 1130.00 | 1087.00 | 1.22 times |
| 29 Wed May 2024 | 1112.45 | 1137.95 | 1148.30 | 1107.85 | 0.517 times |
| 28 Tue May 2024 | 1137.85 | 1117.20 | 1178.80 | 1117.20 | 0.823 times |
| 27 Mon May 2024 | 1162.60 | 1122.55 | 1189.20 | 1122.55 | 1.281 times |
| 24 Fri May 2024 | 1145.45 | 1159.95 | 1159.95 | 1127.50 | 0.383 times |
| 23 Thu May 2024 | 1139.05 | 1143.00 | 1154.05 | 1132.50 | 0.653 times |
| 22 Wed May 2024 | 1142.45 | 1140.00 | 1168.00 | 1132.10 | 1.574 times |
Stock of Elecon Eng (EleconEng) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1050.8, but if it comes above 1050.8, then a intra day buy could be more profitable.
If you take a sell trade below 1050.8, then use 1050.8 as stoploss and 987.7 as target. However if you take a buy trade in stock , then use 1050.8 as stoploss and 1103.39 as target.
Share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Target | 790.10 |
| Downside Target | 904.05 |
| Downside Target | 957.40 |
| Downside Target | 1009.75 |
| Upside Target | 1075.15 |
| Upside Target | 1108.25 |
| Upside Target | 1164.95 |
| Upside Target | 1168.00 |
| Upside Target | 1173.10 |
| Upside Target | 1189.20 |
| Upside Target | 1244.95 |
Intraday share price targets for Elecon Eng (EleconEng)
| Target Type | Value |
| Downside Intraday Target | 931.83 |
| Downside Intraday Target | 836.77 |
| Upside Intraday Target | 1147.53 |
| Upside Intraday Target | 1268.17 |
| Upside Intraday Target | 1052.47 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Tue Jun 2024 | 1026.90 | 1166.05 | 1173.10 | 957.40 | 1.062 times |
| 31 Fri May 2024 | 1108.75 | 1122.55 | 1189.20 | 1075.15 | 1.739 times |
| 24 Fri May 2024 | 1145.45 | 1145.00 | 1168.00 | 1127.50 | 0.328 times |
| 18 Sat May 2024 | 1143.65 | 998.00 | 1164.95 | 962.15 | 1.046 times |
| 10 Fri May 2024 | 995.80 | 1109.95 | 1109.95 | 920.45 | 1.343 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 |
| 04 Tue Jun 2024 | 1026.90 | 1166.05 | 1173.10 | 957.40 | 0.202 times |
| 31 Fri May 2024 | 1108.75 | 1139.25 | 1189.20 | 920.45 | 0.527 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 |
Scroll below to view daily charts
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)
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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.
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 below 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 1091.47 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Elecon Eng ( (EleconEng) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. 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.
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 below 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 1091.47 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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