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

Elecon Engineering Company Limited (ELECON) Indicator analysis

Elecon Engineering Company Limited stock tips (delivery Volume analysis)

Total 5 day volume for Elecon Engineering Company Limited is 3112491, out of which 1312949 went into delivery, which is 42.18 percent of total volumes

Volumes in the last session was 524333, out of which 180288 went into delivery, which is 34.38 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

13 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.

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 417 as stoploss in an intra day sell trade for a target of 399.85. However, stock will show a bullish move above 417.

10 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 tip for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 414.8, but if it comes below 414.8, then a intra day sell could be more profitable.
If you take a sell trade below 414.8, then use 414.8 as stoploss and 398.28 as target. However if you take a buy trade in Elecon Engineering, then use 414.8 as stoploss and 434.5 as target.

09 Thursday April Stock tips for Elecon Engineering (ELECON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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 429.7, for a target of 411.4 or 396.05

08 Wednesday April Stock tips for Elecon Engineering (ELECON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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 422.4, for a target of 406.3 or 392.92

07 Tuesday April Stock tips for Elecon Engineering (ELECON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Elecon Engineering is bullish for shortterm, and stock might move up till 402.5 or till 417.4. Use a stoploss of 390.11 and if this stock hits its stoploss, then it can fall down till 377.71

06 Monday April Stock tips for Elecon Engineering (ELECON) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Elecon Engineering is bullish for shortterm, and stock might move up till 402.2 or till 417.3. Use a stoploss of 389.6 and if this stock hits its stoploss, then it can fall down till 377.01

02 Thursday April Stock tips for Elecon Engineering Stock 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...

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

My analysis of Elecon Engineering is bearish for shortterm, and stock might move down till 376.8 or till 361.7. Use a stoploss of 389.39 and if the stock hits stoploss, then it can shoot up till 402

Elecon Engineering ELECON tips for tomorrow

Tomorrow's movement Prediction of Elecon Engineering ELECON appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock. If it shows signs of weakness in the latter half, then this trend can continue tomorrow as well. Similarly, if it shows signs of strength in the latter half, then this trend can continue in the next trading session as well.

Munafa value: 54

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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