ELECON NEWS why is Elecon Engineering Company Limited price falling or rising

ELECON NEWS reasons for why stock price of Elecon Engineering Company Limited is falling or rising

ELECON Elecon Engineering is falling or rising technical reasons

Technical analysis forecast for Elecon Engineering Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Elecon Engineering ELECON at this time. Stock is falling and might fall more.

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

Stock of Elecon Engineering (ELECON) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Elecon Engineering is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Elecon Engineering stays below 473.8, but if it comes above 473.8, then a intra day buy could be more profitable.
If you take a sell trade below 473.8, then use 473.8 as stoploss and 425.6 as target. However if you take a buy trade in Elecon Engineering, then use 473.8 as stoploss and 514.04 as target.

ELECON Elecon Engineering is falling or rising NEWS fundamental reasons

Company Announcement Elecon Engineering Company Limited has informed the Exchange regarding 'Intimation of change in name of the Company falling under category of Promoter Group of the Company'. - NEWS as on 2025-01-30

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Investor Presentation - NEWS as on 2025-01-23

Company Announcement Elecon Engineering Company Limited has informed the Exchange regarding Board meeting held on January 22, 2025. - NEWS as on 2025-01-22

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended December 31, 2024 - NEWS as on 2024-12-31

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-11-21

Company Announcement Elecon Engineering Company Limited has informed the Exchange about General Updates on approval received for reclassification of entity forming part of Promoter Group to Public category - NEWS as on 2024-10-24

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Link of Recording - NEWS as on 2024-10-22

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Dividend Updates - NEWS as on 2024-10-18

Company Announcement Elecon Engineering Company Limited has informed the Exchange regarding a press release dated October 18, 2024, titled "Press Release of Board Meeting held on Friday, 18th October, 2024.". - NEWS as on 2024-10-18

Company Announcement - NEWS as on 2024-10-07

More announcements and NEWS

ELECON Elecon Engineering Company Limited current price & indicator signals

Moving Averages for Elecon Engineering Company Limited

  • 5Day Average: 476.28
  • 12Day Average: 494.71
  • 20Day Average: 518.67
  • 50Day Average: 577.88
  • 100Day Average: 596.47
  • 150Day Average: 603.55
  • 200Day Average: 750.91

ELECON Indicators & signals

Indicator MACD (12,26,9)

495.19, 525.55, -27.47
Indicator MACD is in negative zone

Indicator ADX (14)

36.21, 15.02, 32.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
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
14 Fri Feb 2025 461.05 453.35 to 498.00 -4.82% 0.46 times
13 Thu Feb 2025 484.40 466.10 to 491.20 4.33% 0.78 times
12 Wed Feb 2025 464.30 444.50 to 473.35 0% 1.08 times
11 Tue Feb 2025 464.30 444.85 to 504.05 -8.49% 2.56 times
10 Mon Feb 2025 507.35 503.10 to 518.45 -0.68% 0.42 times
07 Fri Feb 2025 510.80 508.00 to 523.35 -1.03% 0.34 times
06 Thu Feb 2025 516.10 498.95 to 519.00 3.14% 0.47 times
05 Wed Feb 2025 500.40 492.45 to 510.00 1.1% 0.57 times
04 Tue Feb 2025 494.95 472.65 to 499.95 3.04% 1.47 times
03 Mon Feb 2025 480.35 477.60 to 529.25 -9.78% 1.92 times
31 Fri Jan 2025 532.40 516.15 to 537.55 2.36% 0.38 times
30 Thu Jan 2025 520.15 515.10 to 529.05 0.46% 0.48 times

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