(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 2024-06-06 View latest technical analysis
10 day averaged volume of Elecon Eng is 20344
| Date | Daily Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 1045.55 | 1030.00 | 1068.65 | 1021.55 | 1.277 times |
| 05 Wed Jun 2024 | 1005.30 | 1047.45 | 1065.60 | 975.20 | 1.07 times |
| 04 Tue Jun 2024 | 1026.90 | 1160.00 | 1160.00 | 957.40 | 3.746 times |
| 03 Mon Jun 2024 | 1150.95 | 1166.05 | 1173.10 | 1129.95 | 0.491 times |
| 31 Fri May 2024 | 1108.75 | 1096.75 | 1117.50 | 1075.15 | 1.388 times |
| 30 Thu May 2024 | 1096.70 | 1112.45 | 1130.00 | 1087.00 | 0.826 times |
| 29 Wed May 2024 | 1112.45 | 1137.95 | 1148.30 | 1107.85 | 0.35 times |
| 28 Tue May 2024 | 1137.85 | 1117.20 | 1178.80 | 1117.20 | 0.558 times |
| 27 Mon May 2024 | 1162.60 | 1122.55 | 1189.20 | 1122.55 | 0.868 times |
| 24 Fri May 2024 | 1145.45 | 1159.95 | 1159.95 | 1127.50 | 0.26 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1048.4, but if it comes above 1048.4, then a intra day buy could be more profitable.
If you take a sell trade below 1048.4, then use 1048.4 as stoploss and 983.9 as target. However if you take a buy trade in stock , then use 1048.4 as stoploss and 1102.21 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 | 944.27 |
| Downside Intraday Target | 842.98 |
| Upside Intraday Target | 1159.97 |
| Upside Intraday Target | 1274.38 |
| Upside Intraday Target | 1058.68 |
Weekly technical analysis of Elecon Eng (EleconEng)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 1045.55 | 1166.05 | 1173.10 | 957.40 | 1.65 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, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Elecon Eng (EleconEng)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 06 Thu Jun 2024 | 1045.55 | 1166.05 | 1173.10 | 957.40 | 0.314 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 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 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 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 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 below 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 1070.58 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 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 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 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 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 below 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 SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 1070.58 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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