Is ELECON ENGINEERING COMPANY in uptrend or downtrend?

In the short term price movements in ELECON share indicates the market has a decisive bullish trend.

What is ELECON ENGINEERING COMPANY share price forecast for tomorrow?

In Elecon Engineering Company Limited stock current resistance level is at 418 and support level is at 357. Though market is closer to support level there are good chances till these ranges are broken, market would stay Bullish.

What are ELECON ENGINEERING COMPANY support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Elecon Engineering Company Limited in the short-term, the supply zone around 418 and 420. Hence, good chances of resistance around 420. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Elecon Engineering Company Limited share is around 357 and 360. Hence, good chances for support around 360.

Why is ELECON ENGINEERING COMPANY share price falling today?

Perhaps ELECON stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

ELECON ENGINEERING COMPANY Share Price | Forecast Analysis

Analyzing Market Data