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Elecon Engineering Company Limited

ELECON.BO Technical Analysis Summary (BSE)

Analyze ELECON.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ELECON.BO●BSE
IndustrialsIndustrial - Machinery
₹421.10
₹7.35(1.78%)
Indian Market opens in 11h 11m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELECON.BO Technical Analysis Summary (BSE)

Elecon Engineering Company Limited (BSE: ELECON.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.96)
Trend Strength:Weak (ADX: 17.48)
Volatility:Medium (ATR: 13.34)
Support/Resistance:$404.16 – $443.49 (Bollinger Bands)

Technical conditions suggest Elecon Engineering Company Limited on the BSE is awaiting a decisive move. This mix signals that Elecon Engineering Company Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 45.96

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 22.98

Bearish
Momentum remains weak below midpoint.

Williams %R: -65.90

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -0.85

Neutral
Price change is minimal.

Takeaway:Elecon Engineering Company Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -6.88

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 17.48

Weak
Weak trend, market trading sideways.

ATR (14): 13.34

Rising
Rising volatility, market activity increasing.

CCI (14): -13.93

Neutral
Neutral, no strong directional signal.

Takeaway:Elecon Engineering Company Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$443.49
Middle Band (SMA 20)
$423.82
Lower Band
$404.16
Current Position
Within Bands

Takeaway:Elecon Engineering Company Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$450.57
Middle Line (EMA 20)
$423.90
Lower Channel
$397.22
Squeeze Status
Squeeze On

Takeaway:Elecon Engineering Company Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-463.94K
Money Flow Index48.06Neutral, balanced money flows with no clear signal.
Relative Vigor Index48.43Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ELECON.BO shows neutral money flow, with no clear directional pressure.

Technical Trading Signals Summary
Based on the current technical analysis of Elecon Engineering Company Limited (BSE: ELECON.BO), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Elecon Engineering Company Limited are mixed, suggesting a Hold or wait-and-see approach.

(BSE: ELECON.BO) Technical Analysis FAQ