Overall Technical outlook

Price Summary

Elecon Engineering Company Limited's stock opened at 554.0 on 2025-09-05, surged to a high of 556.95, hit a low of 549.6, and closed up -0.04% at 553.8, with 158836 shares traded.
The peak price for the stock in the past 52 weeks is 731.25, with the lowest price being 388.4.

Technicals

Support and Resistance: At 553.8, the price is held up by support at 540.3 and faces resistance at 563.9 for ELECON. This suggests a trading range where 540.3 provides a base and 563.9 limits upward movement.
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Support/Resistance for ELECON


Aroon: The AROON is currently in a neutral position for Elecon Engineering Company Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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Aroon chart for Elecon Engineering Company Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Bolinger Bands chart for Elecon Engineering Company Limited


Parabolic SAR: The PSAR remains in a bearish mode, establishing a resistance level that could hinder any attempts at upward movement for ELECON. This resistance reinforces the bearish sentiment, indicating that the market may continue to face challenges in pushing higher.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: While the 20, 50, and 100 moving averages are aligned in a bullish formation, the slopes of the 20 and 50 SMAs are losing momentum for ELECON. This weakening could indicate that the current trend is running out of steam, with a potential bearish reversal in price action on the horizon as the market's upward momentum slows.
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Tripple SMA chart for Elecon Engineering Company Limited


Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.