Munafa technical analysis ELECON ENG 505700 technical analysis buy or sell

Munafa technical analysis ELECON ENG 505700 technical analysis buy or sell Analysis of ELECON ENG 505700 to buy or sell for Daily, weekly or monthly

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ELECON ENG 505700 Daily Analysis to buy or sell

As per my analysis of ELECON ENG 505700, 12 day returns for ELECON ENG 505700 have been positive, with total returns of 84.1, which is 8.6% with investment starting at 977.55.
An investment of 100,000 bucks in ELECON ENG would have become 108600 bucks today.

ELECON ENG 505700 moves in a range of 24.8 points on a day to day basis. This means that a total of approx 24.8 plus points of returns can be expected in a bullish day, and a total of 24.8 minus points can be expected in a bearish day.
This is about 2.34% of returns per day.

ELECON ENG Munafa analysis, looking for Trend and BUY or SELL opportunities.

Stock is 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 ENG 505700 at this time.

It appears as if ELECON ENG 505700 gave a large move recently.

Stock of ELECON ENG (505700) 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 move higher!

My analysis of ELECON ENG is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if ELECON ENG stays above 1019.3, but if it comes below 1019.3, then a intra day sell could be more profitable.
If you take a sell trade below 1019.3, then use 1019.3 as stoploss and 958.42 as target. However if you take a buy trade in ELECON ENG, then use 1019.3 as stoploss and 1092.4 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of ELECON ENG 505700

Candle stick analysis of ELECON ENG as on 18 Thu Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 4.9 HC: 0.8 LC: 4.1 OC: 4.9

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 16 Tue Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 3.3 HC: 0.5 LC: 2.9 OC: 3.2

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 15 Mon Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 12.8 HC: 3.3 LC: 9.2 OC: 12.8

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 3.6 HC: 3.1 LC: 0.6 OC: 0

ELECON ENG is moving towards a low expiry

ELECON ENG is forming a DOJI candle

Candle stick analysis of ELECON ENG as on 10 Wed Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 3.1 HC: 1.9 LC: 1.2 OC: 1.9

ELECON ENG is moving towards a low expiry

ELECON ENG 505700 Weekly Analysis to buy or sell

As per my analysis of ELECON ENG 505700, 12 week returns for ELECON ENG 505700 have been negative, with total returns of -5.1999999999998, which is -0.49% with investment starting at 1066.85.
An investment of 100,000 bucks in ELECON ENG would have become 99510 bucks today.

ELECON ENG 505700 moves in a range of 51.4 points on a week to week basis. This means that a total of approx 51.4 plus points of returns can be expected in a bullish week, and a total of 51.4 minus points can be expected in a bearish week.
This is about 4.84% of returns per week.

Weekly Candle Stick analysis of ELECON ENG 505700

Candle stick analysis of ELECON ENG as on 18 Thu Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 18.4 HC: 0.8 LC: 17.4 OC: 18.4

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 6.9 HC: 6.3 LC: 0.6 OC: 0

ELECON ENG is moving towards a low expiry

ELECON ENG is forming a DOJI candle

Candle stick analysis of ELECON ENG as on 05 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 6.6 HC: 0.8 LC: 5.7 OC: 6.5

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 28 Thu Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 7.7 HC: 2.6 LC: 5 OC: 3.8

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 22 Fri Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 12.1 HC: 0.6 LC: 11.4 OC: 6

ELECON ENG is moving towards a high expiry

ELECON ENG 505700 Monthly Analysis to buy or sell

As per my analysis of ELECON ENG 505700, 12 month returns for ELECON ENG 505700 have been positive, with total returns of 480.25, which is 82.6% with investment starting at 581.40.
An investment of 100,000 bucks in ELECON ENG would have become 182600 bucks today.

ELECON ENG 505700 moves in a range of 83.4 points on a month to month basis. This means that a total of approx 83.4 plus points of returns can be expected in a bullish month, and a total of 83.4 minus points can be expected in a bearish month.
This is about 7.86% of returns per month.

Monthly Candle Stick analysis of ELECON ENG 505700

Candle stick analysis of ELECON ENG as on 18 Thu Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 18.4 HC: 0.8 LC: 17.4 OC: 12.3

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 29.8 HC: 8 LC: 20.2 OC: 0.8

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 23 Fri Feb 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 15.5 HC: 10.1 LC: 4.9 OC: 7.7

ELECON ENG is moving towards a low expiry

Candle stick analysis of ELECON ENG as on 25 Thu Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 23.9 HC: 8.1 LC: 14.6 OC: 17.5

ELECON ENG is moving towards a high expiry

Candle stick analysis of ELECON ENG as on 29 Fri Dec 2023 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of ELECON ENG are:
HL: 14.9 HC: 6.5 LC: 7.9 OC: 0.7

ELECON ENG is moving towards a high expiry

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