Overall Technical outlook

Price Summary

Elecon Engineering Company Limited's stock fell -3.06% today, reflecting an lousynding market day.
Elecon Engineering Company Limited's stock opened at 569.95 on 2025-08-14, surged to 570.35, dropped to 550.0, and ended -3.06% down at 552.5, with 209367 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 for ELECON at 552.5 finds support at 540.3 and resistance at 594.8. This suggests a trading range, where 540.3 serves as a support level and 594.8 acts as a resistance point, potentially capping further gains.
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Support/Resistance for ELECON


Aroon: The AROON is showing a neutral stance, with no definitive indication of an upward or downward trend for ELECON. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Aroon chart for Elecon Engineering Company Limited


Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
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Bolinger Bands chart for Elecon Engineering Company Limited


Parabolic SAR: The PSAR continues its bullish outlook, reinforcing a crucial support level that may help sustain the current upward trend. This support suggests that the market is likely to continue climbing, with the bullish momentum remaining strong.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: The STOCHASTIC 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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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral for ELECON, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Tripple SMA chart for Elecon Engineering Company Limited


When analyzing a company, its fundamentals—such as earnings, management efficiency, and strategic initiatives—must be considered alongside technical data. The context of the industry in which the company operates also plays a key role, as market trends and competitive dynamics can significantly impact performance. By taking a comprehensive approach, combining both fundamental and technical analysis, one can gain a deeper understanding of the company's potential for growth or risk.