Overall Technical outlook

Price Summary

With a -2.5% fall, Elecon Engineering Company Limited enjoyed a mediocre day in the stock market.
On 2025-06-12, ELECON's stock started at 686.7, reached a high of 688.95, fell to 667.1, and ended -2.5% lower at 669.5, with 502348 shares traded.
During the past 52 weeks, the highest stock price was 731.25, and the lowest was 388.4.

Technicals

Support and Resistance: At 669.5, the price is supported at 663.25 and faces resistance at 663.25. This range suggests that the price for ELECON might stay between these levels, with 663.25 acting as a floor and 663.25 as a ceiling.
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Support/Resistance for ELECON


Aroon: The current state of the AROON 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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Aroon chart for Elecon Engineering Company Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Elecon Engineering Company Limited


Parabolic SAR: The PSAR remains in a bearish mode, setting a resistance level that could impede any upward movement. This resistance indicates that the market may continue to face bearish pressure, with limited potential for breaking higher.
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Parabolic Stop and Reverse chart for Elecon Engineering Company Limited


Stochastic: The STOCHASTIC 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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Stochastic chart for Elecon Engineering Company Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that this bearish momentum might be fading. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move.
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Tripple SMA chart for Elecon Engineering Company Limited


A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.