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Elecon Engineering Company Limited

ELECON.NS•NSE
Industrials
Industrial - Machinery
₹419.50
₹-0.10(-0.02%)
Indian Market opens in 62h 57m

Elecon Engineering Company Limited (ELECON.NS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Elecon Engineering Company Limited (NSE:ELECON.NS).

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.NS Technical Analysis Summary

Elecon Engineering Company Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 60.90)
Trend Strength:Weak (ADX: 13.54)
Volatility:Medium (ATR: 19.21)
Support/Resistance:$358.53 – $421.40 (Bollinger Bands)

Overall, Elecon Engineering Company Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 60.90

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 84.45

Bearish
Overbought levels may trigger pullback.

Williams %R: -6.87

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 13.36

Strongly Bullish
Strong upside momentum.

Takeaway:Elecon Engineering Company Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -1.18

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 13.54

Weak
Weak trend, market trading sideways.

ATR (14): 19.21

Rising
Rising volatility, market activity increasing.

CCI (14): 215.56

Bearish Risk
Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$421.40
Middle Band (SMA 20)
$389.97
Lower Band
$358.53
Current Position
Within Bands

Takeaway:Elecon Engineering Company Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$434.68
Middle Line (EMA 20)
$396.25
Lower Channel
$357.83
Squeeze Status
Squeeze On

Takeaway:Elecon Engineering Company Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.38M
Money Flow Index72.13Bullish, inflows support continued momentum.
Relative Vigor Index77.52Bullish, price momentum strongly favors buyers.

Overall Takeaway:ELECON.NS shows bullish money flow, with volume and vigor supporting buyers.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

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

Technical Analysis FAQ