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(ELECON) Elecon Engineering complete technical analysis [charts+indicators] | Buy/Sell Elecon Engineering | (ELECON) share price targets

Complete technical analysis of Elecon Engineering (ELECON) by charts plus indicators, forecast predictions and share price targets for Elecon Engineering (ELECON)

Elecon Engineering trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2025-04-29 View latest technical analysis

10 day averaged volume of Elecon Engineering is 1584557

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	560.25	540.90	563.00	538.35	0.926 times
28 Mon Apr 2025	541.10	520.00	548.00	512.25	1.16 times
25 Fri Apr 2025	517.75	549.00	553.00	505.45	1.511 times
24 Thu Apr 2025	540.30	527.75	555.55	519.10	3.758 times
23 Wed Apr 2025	526.40	517.00	529.00	502.00	0.906 times
22 Tue Apr 2025	512.35	500.00	519.85	488.60	0.899 times
21 Mon Apr 2025	496.25	473.95	498.50	468.75	0.504 times
17 Thu Apr 2025	470.25	464.30	476.00	461.95	0.364 times
16 Wed Apr 2025	464.45	467.45	475.70	462.05	0.296 times
15 Tue Apr 2025	463.15	450.00	466.00	442.65	0.375 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 570.4, for a target of 517.7 or 473.67

Share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Target	376.95
Downside Target	387.00
Downside Target	410.95
Downside Target	430.10
Downside Target	458.40
Downside Target	468.75
Downside Target	494.40
Downside Target	512.25
Downside Target	529.25
Downside Target	555.55
Upside Target	563.00
Upside Target	578.35
Upside Target	643.50
Upside Target	672.55

Intraday share price targets for Elecon Engineering (ELECON)

Target Type	Value
Downside Intraday Target	527.33
Downside Intraday Target	494.42
Upside Intraday Target	578.08
Upside Intraday Target	595.92
Downside Intraday Target	545.17

Weekly technical analysis of Elecon Engineering (ELECON)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	560.25	520.00	563.00	512.25	0.275 times
25 Fri Apr 2025	517.75	473.95	555.55	468.75	7.318 times
17 Thu Apr 2025	470.25	450.00	476.00	442.65	1.047 times
11 Fri Apr 2025	436.05	403.80	438.00	387.00	1.255 times
04 Fri Apr 2025	434.25	448.00	458.40	430.10	0.178 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 Engineering (ELECON)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	560.25	448.00	563.00	387.00	1.145 times
28 Fri Mar 2025	449.15	420.05	494.40	376.95	1.689 times
28 Fri Feb 2025	414.20	529.25	529.25	410.95	0.917 times
31 Fri Jan 2025	532.40	634.60	643.50	502.05	1.046 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 Engineering (ELECON)

Price action analysis of Elecon Engineering ( (ELECON) ) based on a short 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 Engineering ( (ELECON) ) 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 Engineering ( (ELECON) ) 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 Engineering stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elecon Engineering in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elecon Engineering Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elecon Engineering in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Engineering is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 526.14 and Elecon Engineering (ELECON) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elecon Engineering (ELECON) stock. Volume based technical analysis of Elecon Engineering (ELECON) stock is negative.

Elecon Engineering 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.