Munafa Elecon Engineering Company Limited (ELECON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Munafa Elecon Engineering Company Limited (ELECON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow Elecon Engineering Company Limited intraday tips for today and tomorrow

Elecon Engineering Company Limited (ELECON) Indicator analysis

Moving Averages for Elecon Engineering Company Limited

  • 5Day Average: 1139.77
  • 12Day Average: 1075.08
  • 20Day Average: 1037.53
  • 50Day Average: 986.03
  • 100Day Average: 984.73
  • 150Day Average: 933.28
  • 200Day Average: 899.17

ELECON Indicators & signals

Indicator MACD (12,26,9)

1087.48, 1036.81, 37.08
Indicator MACD is in positive zone

Indicator ADX (14)

43.02, 31.87, 12.7
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
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
26 Fri Apr 2024 1126.20 1120.00 to 1145.45 -1.38% 0.29 times
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% 0.59 times
23 Tue Apr 2024 1126.45 1113.35 to 1178.00 -2.53% 0.8 times
22 Mon Apr 2024 1155.70 1141.10 to 1245.00 -0.9% 2.11 times
19 Fri Apr 2024 1166.25 1030.00 to 1197.95 9.92% 4.22 times
18 Thu Apr 2024 1061.00 1025.00 to 1070.00 4.59% 0.75 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% 0.11 times
09 Tue Apr 2024 1001.30 995.00 to 1032.00 -2.2% 0.24 times

Elecon Engineering Company Limited stock tips (delivery Volume analysis)

Total 5 day volume for Elecon Engineering Company Limited is 2607083, out of which 1212678 went into delivery, which is 46.51 percent of total volumes

Volumes in the last session was 184590, out of which 100375 went into delivery, which is 54.38 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

Elecon Engineering ELECON intraday stock tips

26 Friday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

My analysis of Elecon Engineering is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1127 as stoploss in an intra day sell trade for a target of 1053.05. However, stock will show a bullish move above 1127.

25 Thursday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

My analysis of Elecon Engineering is bullish for shortterm, but tip 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.

24 Wednesday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

My analysis of Elecon Engineering is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 1107.7, but if it comes below 1107.7, then a intra day sell could be more profitable.
If you take a sell trade below 1107.7, then use 1107.7 as stoploss and 1035.18 as target. However if you take a buy trade in Elecon Engineering, then use 1107.7 as stoploss and 1194.7 as target.

23 Tuesday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

My analysis of Elecon Engineering is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 1094.3, but if it comes below 1094.3, then a intra day sell could be more profitable.
If you take a sell trade below 1094.3, then use 1094.3 as stoploss and 1023.26 as target. However if you take a buy trade in Elecon Engineering, then use 1094.3 as stoploss and 1179.5 as target.

22 Monday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

Although my analysis for Elecon Engineering 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 1174.5, for a target of 1086.1 or 1012.4

19 Friday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

Although my analysis for Elecon Engineering 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 1152.1, for a target of 1067.7 or 997.32

18 Thursday April Stock tips for Elecon Engineering (ELECON) Stock 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!

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

My analysis of Elecon Engineering is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 1039.9, but if it comes below 1039.9, then a intra day sell could be more profitable.
If you take a sell trade below 1039.9, then use 1039.9 as stoploss and 979.55 as target. However if you take a buy trade in Elecon Engineering, then use 1039.9 as stoploss and 1112.4 as target.

Elecon Engineering ELECON tips for tomorrow

Munafa value: 50

 Munafa value: 50

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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Munafa Elecon Engineering Company Limited (ELECON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

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Munafa Elecon Engineering Company Limited (ELECON) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

 

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