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Price and trend forecast of ELECON for Tomorrow, Weekly, Monthly

Elecon Engineering Company Limited

Symbol: NSE:ELECON

ISIN: INE205B01031

553.80

As on 2025-09-05

376.95 (52W Low) 739.10 (52W High)

ELECON's Today's Performance

Elecon Engineering Company Limited started the day by opening at 554.00 today 2025-09-05. Its shares reached a high of 556.95 and dipped to a low of 549.60 in intraday. When the markets closed, ELECON’s stock price settled at ₹553.80 per share. Also check out its key support and resistance levels.

ELECON Buy/Sell Targets

Tomorrow, buy ELECON when its price reaches ₹ 553.80 with a stop-loss order at ₹ 547.33. You can set the target price as ₹ 560.27 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ELECON for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ELECON

Downside Targets Value in ₹
Tomorrow Down Target 1 557
Tomorrow Down Target 2 561
Tomorrow Down Target 3 565

Important Levels for ELECON

Holding Levels Value in ₹
Tomorrow Up Target 1 550
Tomorrow Up Target 2 546
Tomorrow Up Target 3 543
Based on where the stock opens tomorrow, if ELECON opens on a positive note, our first target will be ₹557. If Target 1 is achieved, we will aim for Target 2 which is ₹561.

But if ELECON falls below the average value of ₹553.45, you can enter a sell side position with target number 1 - ₹550 and second target - ₹546 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ELECON

Looking at ELECON, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ELECON has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ELECON is moderate bearish.

Tomorrow's Volume based share price Forecast for ELECON

ELECON's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 18%.

Reversal detection for ELECON

Predicted trend chart of ELECON tomorrow for price forecast
ELECON may trend may continue to be bullish since stock is making higher highs and we can get target of ₹557 in morning tomorrow
Target 1 tomorrow556
Target 2 tomorrow558
Target 3 tomorrow561
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ELECON's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ELECON opens on a positive note, our first target will be ₹557.30. If Target 1 is achieved, we will aim for Target 2 which is ₹560.80.

But if ELECON falls below the average value of ₹553.45, you can enter a sell side position with target number 1 - ₹549.95 and second target - ₹546.10

ELECON's Weekly Targets
1st Up Target 567.33
2nd Up Target 580.87
1st Down Target 544.93
2nd Down Target 536.07

As the week for ELECON ended on bearish sentiments, we can expect further continuation of this sentiment. ELECON's initial target will be 567.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 544.93 in the upcoming week.

Weekly OHLC Values
Open 560.00
High 572.00
Low 549.60
Close 553.80

Week for ELECON started with an open price of 560.00, and the close was at 553.80. ELECON reached the highest of 572.00 and dipped lowest up to 549.60 last week. This indicates a bearish sentiment for the week.

ELECON full month swing targets
Monthly Up Target 1 589.73
Monthly Up Target 2 603.27
Monthly Down Target 1 522.53
Monthly Down Target 2 491.27

Targets of ₹589.73 can be expected to be reached in the coming month. Once ELECON achieved this target, we can aim for the next upside target of ₹603.27.

ELECON if fails to hold upside, down targets of ₹522.53 and ₹491.27 can be achieved by end of this month.

For complete three weeks if ELECON is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

ELECON is expected to reach the target of 557.30 in tomorrow's trading session.

After achieving the initial target in ELECON, we will aim for higher targets of 560.80 tomorrow.

However, if ELECON starts to trade below ₹553.45, then we will shift our focus to the sell side and aim for down targets of 549.95 and 546.10.