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 5061073, out of which 1663128 went into delivery, which is 32.86 percent of total volumes

Volumes in the last session was 1175402, out of which 560080 went into delivery, which is 47.65 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

21 Wednesday October Stock tips for Elecon Engineering Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

My analysis of Elecon Engineering is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 424.1 as stoploss in an intra day buy trade for a target of 448.6. However, stock will show a bearish move below 424.1.

19 Monday October 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, and stock might move up till 475.8 or till 506.5. Use a stoploss of 450.21 and if this stock hits its stoploss, then it can fall down till 424.63

16 Friday October 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, but tip for tomorrow is selective. Take a BUY trade only if Elecon Engineering stays above 475.4, but if it comes below 475.4, then a intra day sell could be more profitable.
If you take a sell trade below 475.4, then use 475.4 as stoploss and 449.11 as target. However if you take a buy trade in Elecon Engineering, then use 475.4 as stoploss and 506.9 as target.

15 Thursday October 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 503.6, for a target of 472.1 or 445.82

14 Wednesday October 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 496.1, for a target of 466 or 440.85

13 Tuesday October 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 459.5 or till 487.7. Use a stoploss of 436 and if this stock hits its stoploss, then it can fall down till 412.49

12 Monday October Stock tips for Elecon Engineering Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

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

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 411.8, but if it comes above 411.8, then a intra day buy could be more profitable.
If you take a sell trade below 411.8, then use 411.8 as stoploss and 383.3 as target. However if you take a buy trade in Elecon Engineering, then use 411.8 as stoploss and 435.58 as target.

Elecon Engineering ELECON tips for tomorrow

Tomorrow's movement Prediction of Elecon Engineering ELECON is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 443.78

Munafa value: 40

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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