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 of Elecon Engineering 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 ELECON at this time. Stock is rising and might rise more.

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

Stock of Elecon Engineering (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 is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 1119.1, but if it comes below 1119.1, then a intra day sell could be more profitable.
If you take a sell trade below 1119.1, then use 1119.1 as stoploss and 1045.35 as target. However if you take a buy trade in Elecon Engineering, then use 1119.1 as stoploss and 1207.7 as target.

ELECON Elecon Engineering is falling or rising NEWS fundamental reasons

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Link of Recording - NEWS as on 2024-04-23

Company Announcement - NEWS as on 2024-04-22

Company Announcement Elecon Engineering Company Limited has informed the Exchange regarding a press release dated April 19, 2024, titled "Press Release giving highlights on the performance of the Company for the Quarter and Financial Year ended 31st March, 2024". - NEWS as on 2024-04-22

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Investor Presentation - NEWS as on 2024-04-22

Company Announcement Elecon Engineering Company Limited has informed the Exchange that Board of Directors at its meeting held on April 19, 2024, recommended Final Dividend of 2 per equity share. - NEWS as on 2024-04-19

Company Announcement Elecon Engineering Company Limited has informed the Exchange regarding 'The Board approved reclassification from category of Promoter Group to Public'. - NEWS as on 2024-04-19

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

Board Meeting to discuss Stock Split To consider stock split of equity shares - NEWS as on 2024-04-15

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-04-10

Company Announcement Elecon Engineering Company Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-08

More announcements and NEWS

ELECON Elecon Engineering Company Limited current price & indicator signals

Moving Averages for Elecon Engineering Company Limited

  • 5Day Average: 1147.78
  • 12Day Average: 1066.55
  • 20Day Average: 1028.38
  • 50Day Average: 983.21
  • 100Day Average: 982.89
  • 150Day Average: 930.85
  • 200Day Average: 896.74

ELECON Indicators & signals

Indicator MACD (12,26,9)

1080.44, 1029.66, 33.68
Indicator MACD is in positive zone

Indicator ADX (14)

47.75, 33.07, 11.7
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 ELECON Elecon Engineering Company Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 1142.00 1130.05 to 1159.50 -0.57% 0.34 times
24 Wed Apr 2024 1148.50 1132.00 to 1170.00 1.96% 0.6 times
23 Tue Apr 2024 1126.45 1113.35 to 1178.00 -2.53% 0.81 times
22 Mon Apr 2024 1155.70 1141.10 to 1245.00 -0.9% 2.13 times
19 Fri Apr 2024 1166.25 1030.00 to 1197.95 9.92% 4.26 times
18 Thu Apr 2024 1061.00 1025.00 to 1070.00 4.59% 0.76 times
16 Tue Apr 2024 1014.40 988.25 to 1021.95 2.65% 0.33 times
15 Mon Apr 2024 988.25 968.00 to 1023.00 1.67% 0.52 times
12 Fri Apr 2024 972.00 970.00 to 1008.10 -2.7% 0.23 times
10 Wed Apr 2024 998.95 988.65 to 1019.20 -0.23% 0.12 times
09 Tue Apr 2024 1001.30 995.00 to 1032.00 -2.2% 0.24 times
08 Mon Apr 2024 1023.80 1011.05 to 1032.10 1.85% 0.28 times

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