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₹440.0
+31.15 (+7.62%)
⚠️ NOT A TRADE RECOMMENDATION: These stock metrics and intraday signals are algorithmically generated based on quantitative characteristics that may be relevant to trading. Inclusion or analysis does not mean BUY, SELL or HOLD. This drilldown is a starting point for independent research, not a prediction of future price movement. Markets involve substantial risk, and you may lose some or all of your trading capital.

📊 Technical Price Chart

✨ Multi-Timeframe Trading Setup & Insights

Engine: Gemini (gemini-flash-lite-latest)

Market Analysis Summary:

"ELECON shows robust bullish momentum today, up 7.62% and outperforming the broader Nifty index by 6.02%. Price is comfortably trading above its VWAP of ₹430.15, backed by steady accumulation throughout the session as observed in intraday checkpoints. Technicals reflect building momentum with RSI at 55.05 and the stock holding above key short-term EMAs, though trading below the bearish Supertrend resistance of ₹470.03. Positive news sentiment, including an Axis Securities target of ₹505 and ambitious revenue milestones towards ₹2,200 Cr, supports medium to long-term upside."

Intraday (1 Day) BUY
Conviction: 8/10
Rationale: Using intraday checkpoints: Revalidated using checkpoints up to 15:31. The stock showed consistent progressive gains from morning scans (+0.29% to +7.17% late session), holding firmly above VWAP (₹430.15) with strong relative strength vs Nifty (+6.02%), providing a high-probability continuation setup into the close.
Entry: ₹435.0 - ₹440.0
SL: ₹430.0
Target: ₹452.0
Swing (1-6 Mo) BUY
Conviction: 7/10
Rationale: The stock is breaking out of recent consolidation backed by supportive brokerage targets (₹505 by Axis Securities). It is holding above critical moving averages (20D, 34D, 50D SMAs) and benefiting from strong sectoral momentum and positive revenue growth headlines.
Entry: ₹430.0 - ₹440.0
SL: ₹410.0
Target: ₹505.0
Long Term (1+ Yr) BUY
Conviction: 8/10
Rationale: Long-term fundamentals remain solid as the company drives toward a ₹2,200 Cr revenue milestone. Strong relative performance, consistent order book traction, and strategic positioning make it an attractive accumulation candidate on dips toward the 52-week low range.
Entry: Accumulate on dips to ₹400 - ₹420
SL: ₹350.0
Target: ₹579.0

Technical Analysis & Overview:

  • Price action is strong at ₹440.0, holding well above the intraday VWAP (₹430.15) and key moving averages like the 20-day (₹437.68) and 50-day EMA (₹440.99). However, it remains capped below the Supertrend threshold at ₹470.03 and the 200-day EMA (₹465.8). Bollinger Bands indicate consolidation near the middle band (₹437.68), leaving room toward the upper band at ₹485.93.
  • RSI(14) at 55.05 shows moderate bullish strength without being overbought. MACD reflects a negative histogram (-3.08) pointing to lingering consolidation on higher timeframes, while Stochastic %K (39.85) and StochRSI suggest building upward momentum from lower levels.

News & Sentiment Impact:

Recent corporate updates highlight strong fundamental tailwinds. Elecon Engineering has gained over 16% across five sessions with brokerages like Axis Securities setting a target of ₹505. Additionally, the company's eyes on a ₹2,200 Cr revenue milestone and positive Q1 expectations bolster institutional and retail confidence, aligning well with a constructive medium-term bullish trajectory.

⚡ Intraday Live Validation ACTIVE_BUY

Entry Decision
⛔ AVOID
Position Health
🛡️ HEALTHY (Hold)
Session VWAP ₹430.15
Peak Drawdown from High -0.68%
Intraday 5m EMA9 / EMA20 ₹438.9 / ₹435.75
Audit Reason: UPTREND_HOLDING_VWAP (Above VWAP Rs.430.15 & EMA9 Rs.438.90)

⏱️ Intraday Checkpoints Timeline

09:30 +0.29% (0.30x) ⚪ WAIT 🛡️ HOLD
10:00 +1.57% (0.35x) ⚪ WAIT 🛡️ HOLD
10:32 +3.55% (0.10x) ⚪ WAIT 🛡️ HOLD
11:02 +3.60% (0.15x) ⚪ WAIT 🛡️ HOLD
11:32 +3.99% (0.19x) ⚪ WAIT 🛡️ HOLD
12:02 +4.82% (0.25x) ⚪ WAIT 🛡️ HOLD
12:32 +4.45% (0.27x) ⛔ AVOID ⚠️ RISK
13:02 +4.72% (0.28x) ⚪ WAIT 🛡️ HOLD
13:34 +4.02% (0.32x) ⛔ AVOID ⚠️ RISK
14:02 +4.40% (0.33x) ⚪ WAIT 🛡️ HOLD
14:32 +6.03% (0.39x) ⛔ AVOID 🛡️ HOLD
15:02 +7.22% (0.55x) ⛔ AVOID 🛡️ HOLD
15:31 +7.17% (0.66x) ⛔ AVOID ⚠️ RISK

📊 Price Action Metrics

Open Price ₹411.95
Day's High ₹443.0
Day's Low ₹408.0
VWAP ₹430.15
Distance from Day's High 0.68%
Distance from Day's Low 7.84%
52-Week High ₹579.0
52-Week Low ₹352.0

📈 Volume & Participation

Current Volume 1578632
20-Day Avg Volume 2450342.4
Relative Volume (RVOL) 0.64x
Nifty 50 Change 1.6%
Relative Strength vs. Nifty 6.02%

🎯 Comprehensive Technical Indicators Matrix Multi-Period SMAs, EMAs, Oscillators, Bands & Real-Time Verdicts

Indicator & Parameters Calculated Value(s) & Multi-Period Signals Verdict & Bias
RSI (14) 55.05 Bullish (55–70)
Average True Range (ATR 14) ₹23.29 (5.29% of Price) High Volatility (Breakout Ready)
Stochastics (14, 3) %K: 39.85 %D: 15.95 Bullish (%K > %D)
StochRSI (14) %K: 25.78 %D: 8.67 Bullish (%K > %D)
ADX (14) & DMI ADX: 18.39 +DI: 24.47 -DI: 22.55 Neutral / Non-Trending
Ultimate Oscillator (UO) 47.64 Bearish
Rate of Change (ROC 12) & Momentum ROC: -4.16% Momentum (10D): ₹-40.75 Bearish (-ROC)
Williams %R (14) -60.15 Bearish
MACD (12, 26, 9) MACD: -1.5 Signal: 1.58 Histogram: -3.08 Bearish (Line < Signal)
Supertrend (10, 3) ₹470.03 (Bearish) Bearish Trend
Bollinger Bands (20, 2) Upper: ₹485.93 Mid: ₹437.68 Lower: ₹389.44 Bullish (Above Mid)
Parabolic SAR ₹480.3 Bearish (Price < SAR)
Commodity Channel Index (CCI 20) -24.96 Neutral
Simple Moving Averages (SMAs) 20D: ₹437.68 34D: ₹431.59 50D: ₹433.79 89D: ₹462.29 200D: ₹453.97 Bullish (Price > 20D > 50D)
Exponential Moving Averages (EMAs) 9D: ₹433.08 20D: ₹435.99 34D: ₹437.33 50D: ₹440.99 89D: ₹449.7 200D: ₹465.8 Neutral / Mixed Stack
TRIX (15) 0.087% Bullish (>0)

📰 Latest Google News & Corporate Updates

Eimco Elecon Share Price near 52-week high after 4.2% rise - Univest
Publisher: Univest | Published: Tue, 06 Oct 2026 06:55:00
Eimco Elecon (India) Ltd. Stock News - Value Research
Publisher: Value Research | Published: Sun, 30 Aug 2026 19:05:33
Volumes jump at Elecon Engineering Company Ltd counter - Business Standard
Publisher: Business Standard | Published: Wed, 23 Sep 2026 07:00:00

📚 Technical Indicator & Strategy Definitions

SMAs (Simple Moving Averages): Arithmetic mean of closing prices over multiple trading periods (20D, 34D, 50D, 89D, 200D). Price trading above the 200-day SMA indicates a long-term secular bull trend, while 20D/50D track short-to-medium term institutional support levels.
EMAs (Exponential Moving Averages): Weighted moving averages placing greater priority on recent price bars (9D, 20D, 34D, 50D, 89D, 200D). A progressive stack (EMA 9 > 20 > 50) confirms robust upward momentum and provides dynamic support during pullbacks.
ADX (Average Directional Index - 14) & DMI: Measures trend strength regardless of direction. An ADX value ≥ 25 confirms a strong trending market. Directional Movement (+DI / -DI) indicates which side is in control: +DI > -DI is bullish (buyers dominant), whereas -DI > +DI indicates bearish seller control.
VWAP (Volume Weighted Average Price): The average price weighted by intraday volume. Used as a benchmark by institutional participants; price trading above VWAP indicates intraday buyer control, while trading below VWAP indicates intraday seller pressure.
RSI (Relative Strength Index - 14) & StochRSI: Momentum oscillator measuring speed and magnitude of price movements (0–100). RSI > 70 is overbought; RSI < 30 is oversold; 50–60 signals bullish continuation. StochRSI applies stochastics to RSI to generate early inflection signals for trend shifts.
MACD (Moving Average Convergence Divergence): Trend-following momentum indicator displaying the spread between the 12 and 26-period EMAs against a 9-period signal line. MACD crossing above Signal is bullish; rising histogram bars signal accelerating upward momentum.
RVOL (Relative Volume Ratio): Compares current session volume against the 20-day historical average. RVOL ≥ 2.0x signals abnormal institutional participation, confirming the validity of breakouts and trend expansions.
Bollinger Bands (20, 2): Statistical volatility bands set ±2 standard deviations around a 20-period SMA. Contracting bandwidth ('squeeze') signals an impending explosive breakout, while price walking the upper band confirms aggressive trend expansion.
ATR (Average True Range - 14): Quantifies absolute market volatility in rupee terms over a 14-period lookback. Essential for setting volatility-adjusted trailing stop-losses, target sizing, and detecting range expansions.
Supertrend (10, 3): Volatility-based trend-following indicator calculated with ATR. Provides clear Bullish (green trailing line below price) or Bearish (red line above price) regimes to manage active trade trailing stops.
Stochastic Oscillator (%K, %D): Locates current closing price relative to the 14-period high-low range. Fast line (%K) crossing above smooth line (%D) in oversold territory (<20) confirms a buy reversal signal; crosses above 80 warn of overbought conditions.
CCI (Commodity Channel Index - 20): Measures price variation relative to its statistical average. CCI crossing above +100 signals strong uptrend breakout; crossing below -100 indicates deep downward momentum; zero-line cross marks cycle shifts.
Parabolic SAR (Stop and Reverse): Trailing stop overlay that follows price acceleration. When dots plot below price, the trend is bullish; a flip above price triggers trailing stop protection.
Williams %R (14) & TRIX (15): Williams %R reflects momentum relative to lookback highs (-20 to 0 overbought, -80 to -100 oversold). TRIX is a triple-smoothed EMA rate-of-change oscillator filtering noise to capture major cyclical momentum waves.
Relative Strength (vs. Nifty): Measures the percentage outperformance or underperformance against the benchmark Nifty 50 Index. Positive values identify leading stocks commanding institutional capital flow.
Intraday Regime & Permission Gates: 4-gate hierarchical risk firewall evaluating intraday structure, volume effort vs result at day highs, ATR peak drawdown, and VWAP integrity to prevent buying into collapsing peaks.
Opportunity Score (0 – 100) & Risk Score (0 – 100): Dual independent quantitative ratings: Opportunity Score (≥75 top-tier setup) evaluates momentum, volume, pattern, sector tailwinds, and RS. Risk Score (<50 preferred) evaluates drawdown history, resistance proximity, and volatility.
Setup Archetypes: Algorithmic classification: Breakout Candidate (near 20D/52W high with expansion), Pullback Continuation (EMA20 retest in uptrend), Momentum Continuation (high RS5D + ATR expansion), and Reversal Candidate (extended mean-reversion).