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Stock analysis Elecon Engineering Company Limited ELECON

More indepth analysis on MunafaSutra.com

Moving Averages for Elecon Engineering Company Limited

  • 5Day Average: 1141.96
  • 12Day Average: 1099.49
  • 20Day Average: 1056.74
  • 50Day Average: 991
  • 100Day Average: 988.75
  • 150Day Average: 938.74
  • 200Day Average: 904.25

ELECON Indicators & signals

Indicator MACD (12,26,9)

1103.96, 1052.41, 42.45
Indicator MACD is in positive zone

Indicator ADX (14)

48.86, 32.25, 11.08
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ELECON Elecon Engineering Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 1134.35 1130.00 to 1165.95 -2.11% 0.31 times
29 Mon Apr 2024 1158.75 1121.45 to 1179.00 2.89% 0.37 times
26 Fri Apr 2024 1126.20 1120.00 to 1145.45 -1.38% 0.28 times
25 Thu Apr 2024 1142.00 1130.05 to 1159.50 -0.57% 0.33 times
24 Wed Apr 2024 1148.50 1132.00 to 1170.00 1.96% 0.57 times
23 Tue Apr 2024 1126.45 1113.35 to 1178.00 -2.53% 0.78 times
22 Mon Apr 2024 1155.70 1141.10 to 1245.00 -0.9% 2.04 times
19 Fri Apr 2024 1166.25 1030.00 to 1197.95 9.92% 4.08 times
18 Thu Apr 2024 1061.00 1025.00 to 1070.00 4.59% 0.73 times
16 Tue Apr 2024 1014.40 988.25 to 1021.95 2.65% 0.32 times
15 Mon Apr 2024 988.25 968.00 to 1023.00 1.67% 0.5 times
12 Fri Apr 2024 972.00 970.00 to 1008.10 -2.7% 0.22 times

Technical analysis forecast of Elecon Engineering Company Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Elecon Engineering Company Limited ELECON at this time. Stock is rising and might rise more.

It appears as if Elecon Engineering Company Limited ELECON gave a large move recently.

Stock of Elecon Engineering Company Limited (ELECON) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Elecon Engineering Company Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1144.8 as stoploss in an intra day sell trade for a target of 1069.89. However, stock will show a bullish move above 1144.8.

More indepth analysis on MunafaSutra.com