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(Elitecon) Elitecon complete technical analysis [charts+indicators] | Buy/Sell Elitecon | (Elitecon) share price targets

Complete technical analysis of Elitecon (Elitecon) by charts plus indicators, forecast predictions and share price targets for Elitecon (Elitecon)

10 day averaged volume of Elitecon is 260

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	41.02	41.02	41.02	41.02	0.769 times
21 Mon Oct 2024	40.22	40.22	40.22	40.22	0.769 times
18 Fri Oct 2024	39.44	39.44	39.44	39.44	0.962 times
17 Thu Oct 2024	38.67	38.67	38.67	38.67	0.769 times
16 Wed Oct 2024	37.92	37.92	37.92	37.92	0.769 times
15 Tue Oct 2024	37.18	37.18	37.18	37.18	0.769 times
14 Mon Oct 2024	36.46	36.46	36.46	36.46	1.538 times
11 Fri Oct 2024	35.75	35.75	35.75	35.75	1.923 times
10 Thu Oct 2024	35.05	35.05	35.05	35.05	0.769 times
09 Wed Oct 2024	34.37	34.37	34.37	34.37	0.769 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.1, but if it comes below 38.1, then a intra day sell could be more profitable.
If you take a sell trade below 38.1, then use 38.1 as stoploss and 34.02 as target. However if you take a buy trade in stock , then use 38.1 as stoploss and 43.1 as target.

Share price targets for Elitecon (Elitecon)

Target Type	Value
Downside Target	10.00
Downside Target	10.50
Downside Target	11.02
Downside Target	13.37
Downside Target	14.03
Downside Target	28.24
Downside Target	29.95
Downside Target	31.15
Downside Target	33.04
Downside Target	35.75
Downside Target	36.46
Downside Target	39.44
Downside Target	40.22
Downside Target	41.02

Intraday share price targets for Elitecon (Elitecon)

Target Type	Value
Downside Intraday Target	40.49
Downside Intraday Target	39.95
Upside Intraday Target	41.29
Upside Intraday Target	41.55
Downside Intraday Target	40.75

Weekly technical analysis of Elitecon (Elitecon)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	41.02	40.22	41.02	40.22	0.32 times
18 Fri Oct 2024	39.44	36.46	39.44	36.46	0.926 times
11 Fri Oct 2024	35.75	33.04	35.75	33.04	2.077 times
03 Thu Oct 2024	31.77	30.54	31.77	30.54	0.765 times
27 Fri Sep 2024	29.95	28.24	29.95	28.24	1.063 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elitecon (Elitecon)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	41.02	31.15	41.02	31.15	0.934 times
30 Mon Sep 2024	30.54	14.03	30.54	14.03	1.895 times
30 Fri Aug 2024	13.37	11.02	13.37	11.02	0.117 times
16 Tue Mar 2021	10.50	10.50	10.50	10.50	167 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elitecon (Elitecon)

Price action analysis of Elitecon ( (Elitecon) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Elitecon ( (Elitecon) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Elitecon ( (Elitecon) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elitecon stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elitecon in short term and the buy signal is strong.

Elitecon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elitecon in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elitecon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.34 and Elitecon (Elitecon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elitecon (Elitecon) stock. Volume based technical analysis of Elitecon (Elitecon) stock is negative.

Elitecon Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.