Munafa technical analysis Elecon Engineering Company Limited ELECON technical analysis buy or sell

Munafa technical analysis Elecon Engineering Company Limited ELECON technical analysis buy or sell Analysis of Elecon Engineering Company Limited ELECON to buy or sell for Daily, weekly or monthly

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Elecon Engineering Company Limited ELECON Daily Analysis to buy or sell

As per my analysis of Elecon Engineering Company Limited ELECON, 12 day returns for Elecon Engineering Company Limited ELECON have been positive, with total returns of 118.2, which is 11.55% with investment starting at 1023.80.
An investment of 100,000 bucks in Elecon Engineering Company Limited would have become 111550 bucks today.

Elecon Engineering Company Limited ELECON moves in a range of 34.5 points on a day to day basis. This means that a total of approx 34.5 plus points of returns can be expected in a bullish day, and a total of 34.5 minus points can be expected in a bearish day.
This is about 3.02% of returns per day.

Elecon Engineering Company Limited 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 Engineering Company Limited ELECON at this time.

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 move higher!

My analysis of Elecon Engineering Company Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Elecon Engineering Company Limited stays above 1102.2, but if it comes below 1102.2, then a intra day sell could be more profitable.
If you take a sell trade below 1102.2, then use 1102.2 as stoploss and 1028.38 as target. However if you take a buy trade in Elecon Engineering Company Limited, then use 1102.2 as stoploss and 1190.7 as target.

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

Daily Candle Stick analysis of Elecon Engineering Company Limited ELECON

Candle stick analysis of Elecon Engineering Company Limited as on 25 Thu Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 2.6 HC: 1.5 LC: 1.1 OC: 0.8

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited as on 24 Wed Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 3.4 HC: 1.9 LC: 1.5 OC: 2.9

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited as on 23 Tue Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 5.8 HC: 4.6 LC: 1.2 OC: 0

Elecon Engineering Company Limited is moving towards a low expiry

Elecon Engineering Company Limited is forming a DOJI candle

Candle stick analysis of Elecon Engineering Company Limited as on 22 Mon Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 9.1 HC: 7.7 LC: 1.3 OC: 0.8

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited as on 19 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 16.3 HC: 2.7 LC: 13.2 OC: 14.3

Elecon Engineering Company Limited is moving towards a high expiry

Elecon Engineering Company Limited ELECON Weekly Analysis to buy or sell

As per my analysis of Elecon Engineering Company Limited ELECON, 12 week returns for Elecon Engineering Company Limited ELECON have been positive, with total returns of 127.85, which is 12.61% with investment starting at 1014.15.
An investment of 100,000 bucks in Elecon Engineering Company Limited would have become 112610 bucks today.

Elecon Engineering Company Limited ELECON moves in a range of 57 points on a week to week basis. This means that a total of approx 57 plus points of returns can be expected in a bullish week, and a total of 57 minus points can be expected in a bearish week.
This is about 4.99% of returns per week.

Weekly Candle Stick analysis of Elecon Engineering Company Limited ELECON

Candle stick analysis of Elecon Engineering Company Limited as on 25 Thu Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 11.8 HC: 9 LC: 2.6 OC: 0.8

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited as on 19 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 23.8 HC: 2.7 LC: 20.5 OC: 22.8

Elecon Engineering Company Limited is moving towards a high expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 6.4 HC: 6.2 LC: 0.2 OC: 1.7

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 6.4 HC: 1 LC: 5.3 OC: 6

Elecon Engineering Company Limited is moving towards a high expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 7.6 HC: 2.7 LC: 4.8 OC: 5.9

Elecon Engineering Company Limited is moving towards a high expiry

Elecon Engineering Company Limited ELECON Monthly Analysis to buy or sell

As per my analysis of Elecon Engineering Company Limited ELECON, 12 month returns for Elecon Engineering Company Limited ELECON have been positive, with total returns of 561.15, which is 96.61% with investment starting at 580.85.
An investment of 100,000 bucks in Elecon Engineering Company Limited would have become 196610 bucks today.

Elecon Engineering Company Limited ELECON moves in a range of 92.9 points on a month to month basis. This means that a total of approx 92.9 plus points of returns can be expected in a bullish month, and a total of 92.9 minus points can be expected in a bearish month.
This is about 8.13% of returns per month.

Monthly Candle Stick analysis of Elecon Engineering Company Limited ELECON

Candle stick analysis of Elecon Engineering Company Limited as on 25 Thu Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Elecon Engineering Company Limited are:
HL: 30.4 HC: 9 LC: 19.6 OC: 29.9

Elecon Engineering Company Limited is moving towards a high expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 29.8 HC: 8.1 LC: 20.1 OC: 0.2

Elecon Engineering Company Limited is moving towards a high expiry

Elecon Engineering Company Limited is forming a DOJI candle

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 15.5 HC: 10.1 LC: 4.9 OC: 6.9

Elecon Engineering Company Limited is moving towards a low expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 23.8 HC: 8.1 LC: 14.5 OC: 20

Elecon Engineering Company Limited is moving towards a high expiry

Candle stick analysis of Elecon Engineering Company Limited 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 Engineering Company Limited are:
HL: 15.4 HC: 6.8 LC: 8.1 OC: 0.1

Elecon Engineering Company Limited is moving towards a high expiry

Elecon Engineering Company Limited is forming a DOJI candle

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