Overall Technical outlook

Price Summary

Elecon Engineering Company Limited's shares slumped -3.04% today, reflecting a poor day on the market.
On 2025-07-16, ELECON's stock started at 626.0, reached a high of 626.55, fell to 603.2, and ended -3.04% down at 606.95, with 947499 shares traded.
In the past year, the highest stock price was 731.25, and the lowest was 388.4.

Technicals

Support and Resistance: The price currently sits at 606.95, finding support at 605.6 and resistance at 663.25. These levels define a range for Elecon Engineering Company Limited where the price may move, with 605.6 offering a base and 663.25 limiting upward momentum.
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Support/Resistance for ELECON


Aroon: The Aroon indicator shows a continuation of the bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications.
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Aroon chart for Elecon Engineering Company Limited


Bol. Bands: The price has recently crossed below the lower Bollinger Band, suggesting the market may be in an oversold condition. This move reflects strong selling pressure that has pushed prices below a key level. While this breach could indicate a continuation of the current downtrend for Elecon Engineering Company Limited, it might also serve as a signal for a potential reversal if the market finds support at these lower levels.
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Bolinger Bands chart for Elecon Engineering Company Limited


Parabolic SAR: The PSAR maintains a bearish outlook, setting a key resistance level that could limit further gains. This resistance reinforces the bearish sentiment, indicating that the market may face challenges in pushing higher.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: With the Stochastic K-line under the D-line and below 20, the market shows a mildly bearish trend. This positioning suggests that ELECON may face some downside risk, though the bearish signal is not particularly strong. Traders should consider this as a cautious indicator.
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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Tripple SMA chart for Elecon Engineering Company Limited


Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.