505700 NEWS why is Elecon Eng price falling or rising

505700 NEWS reasons for why stock price of Elecon Eng is falling or rising

505700 Elecon Eng is falling or rising technical reasons

Technical analysis forecast of Elecon Eng 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 Eng 505700 at this time. Stock is rising and might rise more.

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 keep rising and move higher!

Although my analysis for Elecon Eng 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 1153.4, for a target of 1068.4 or 997.65

505700 Elecon Eng is falling or rising NEWS fundamental reasons

Elecon Engg hits record high on strong Q4 outcome, board OKs 1:2 stock split Elecon Engineering Company soared 11.69% to Rs 1185.80 after the company's consolidated net profit surged 52.56% to Rs 103.65 crore on 33% rise in revenue from operations to Rs 564.62 crore in Q4 FY24 over Q4 FY23. - NEWS as on 2024-04-19 business-standard.com

Elecon Engineering Company consolidated net profit rises 52.56% in the March 2024 quarter Sales rise 33.00% to Rs 564.62 crore - NEWS as on 2024-04-19 business-standard.com

More announcements and NEWS

505700 Elecon Eng current price & indicator signals

Moving Averages for Elecon Eng

  • 5Day Average: 1040.72
  • 12Day Average: 1014.18
  • 20Day Average: 974.34
  • 50Day Average: 975.09
  • 100Day Average: 973.97
  • 150Day Average: 921.45
  • 200Day Average: 886.15

505700 Indicators & signals

Indicator MACD (12,26,9)

1021.55, 989.06, 14.53
Indicator MACD is in positive zone

Indicator ADX (14)

32.4, 35.67, 18.21
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 505700 Elecon Eng are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 1166.60 1029.95 to 1197.55 9.89% 10.1 times
18 Thu Apr 2024 1061.65 1019.95 to 1070.00 4.45% 4.03 times
16 Tue Apr 2024 1016.45 988.25 to 1021.30 2.96% 0.39 times
15 Mon Apr 2024 987.25 904.05 to 1020.00 1.61% 0.91 times
12 Fri Apr 2024 971.65 966.35 to 1001.55 -2.74% 1.06 times
10 Wed Apr 2024 999.05 987.10 to 1018.00 -0.42% 0.54 times
09 Tue Apr 2024 1003.30 994.15 to 1031.00 -2.04% 0.75 times
08 Mon Apr 2024 1024.20 1012.75 to 1032.95 1.81% 0.97 times
05 Fri Apr 2024 1005.95 975.35 to 1014.40 2.18% 0.77 times
04 Thu Apr 2024 984.50 973.60 to 995.00 0.75% 0.36 times
03 Wed Apr 2024 977.20 959.00 to 981.85 0.49% 0.23 times
02 Tue Apr 2024 972.40 962.30 to 989.95 -0.53% 0.66 times

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505700 NEWS why is Elecon Eng price falling or rising

 

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