Overall Technical outlook

Price Summary

Elecon Engineering Company Limited's stock declined -5.69% today, marking a poor performance in the market.
On 2025-04-25, Elecon Engineering Company Limited's stock opened at 549.0, reached 553.0, hit a low of 505.45, and rose -5.69% to close at 517.75, with 2393433 shares traded.
The stock's peak price over the last 52 weeks is 731.25, with the lowest being 388.4.

Technicals

Support and Resistance: At 517.75, the price for ELECON is supported at 494.95 and resisted at 541.55. This indicates a trading range where 494.95 serves as a support level, potentially preventing further decline, while 541.55 could limit upward movement.
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Support/Resistance for ELECON


Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ELECON, with no strong trend emerging.
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Aroon chart for Elecon Engineering Company Limited


Bol. Bands: The price for ELECON dropping below the upper Bollinger Band could be an early signal of a downward trend. This movement might suggest that the asset is overbought and that a price decrease is possible. Traders often use this indicator to predict potential reversals, as it signals that the bullish trend could be weakening and that a correction or pullback might be forthcoming.
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Bolinger Bands chart for Elecon Engineering Company Limited


Parabolic SAR: The PSAR for ELECON maintains its bullish outlook, setting a strong support level that could underpin further gains. This suggests that the market is likely to continue its upward trajectory, with the established support providing a safety net for ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: The K-line is now below the D-line on the stochastic indicator, though it remains above 80, pointing to a possible bearish price move. This could be an early warning that the market's upward trend is weakening, potentially leading to a reversal. Investors should be cautious and watch for further bearish signals.
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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: The Tripple MOVING AVG is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Tripple SMA chart for Elecon Engineering Company Limited


Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.