Overall Technical outlook

Price Summary

On 2026-02-02, Elecon Engineering Company Limited's stock opened at 394.0, peaked at 404.9, hit a low of 389.8, and closed 1.95% higher at 401.7, with 262758 shares changing hands.
Over the past 52 weeks, the stock reached a maximum price of 705.4 and a minimum price of 368.45.

Technicals

Support and Resistance: The current price of 401.7 is supported at 378.7, with resistance at 484.7. This suggests that the price for ELECON might remain between these levels, where 378.7 acts as a floor and 484.7 as a ceiling in the market.
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Support/Resistance for ELECON


Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
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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 maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: The STOCHASTIC is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play.
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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: A bullish trend for Elecon Engineering Company Limited is reflected in the alignment of the 20-50-100 period moving averages, though the slopes of the faster averages raise concerns about a potential reversal. The weakening momentum in the shorter-term averages suggests that the current trend may not last, signaling the possibility of a shift in direction.
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Tripple SMA chart for Elecon Engineering Company Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.