The stock closed at ₹536.70, down 1.66% from the previous close of ₹545.75, with intraday prices ranging between ₹531.30 and ₹548.95. Over the past 52 weeks, Elecon Engineering Company has traded between ₹348.05 and ₹716.55, indicating a wide price band that reflects volatility within the industrial manufacturing sector. The current market capitalisation grade stands at 3, signalling a moderate scale relative to peers.
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Examining the technical indicators, the Moving Average Convergence Divergence (MACD) presents a bearish signal on the weekly chart and a mildly bearish indication on the monthly chart. This suggests that the momentum is under pressure in the short to medium term. The Relative Strength Index (RSI), however, does not currently signal any definitive momentum on either weekly or monthly timeframes, indicating a lack of strong directional bias from this momentum oscillator.
Bollinger Bands analysis shows a mildly bearish trend on the weekly scale and a bearish trend on the monthly scale, pointing to increased volatility and potential downward pressure on price. Conversely, daily moving averages reflect a mildly bullish stance, highlighting some short-term support for the stock price. The Know Sure Thing (KST) indicator is mildly bullish on the weekly chart but mildly bearish on the monthly chart, further emphasising the mixed signals from momentum indicators.
Additional technical frameworks such as Dow Theory reveal no clear trend on the weekly chart but a mildly bearish trend on the monthly chart. On-Balance Volume (OBV) is mildly bearish weekly and shows no trend monthly, suggesting volume patterns are not strongly confirming price movements. These mixed signals underscore the complexity of Elecon Engineering Company’s current technical landscape.
From a returns perspective, Elecon Engineering Company has delivered a 4.49% return over the past week, outperforming the Sensex’s 0.96% return in the same period. However, over the one-month horizon, the stock shows a slight negative return of -0.85%, while the Sensex recorded a positive 0.86%. Year-to-date, the stock’s return stands at -15.45%, contrasting with the Sensex’s 8.36%. Over longer periods, Elecon Engineering Company has outpaced the Sensex significantly, with a three-year return of 152.00% compared to the Sensex’s 37.31%, a five-year return of 3334.88% versus 91.65%, and a ten-year return of 1259.59% against the Sensex’s 232.28%.
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Elecon Engineering Company’s technical parameter changes, triggered on 19 Nov 2025, reflect an adjustment in evaluation that may influence investor sentiment. The Mojo Score currently stands at 42.0, with a grade adjustment from Hold to Sell noted on 10 Oct 2025. This revision in its score aligns with the observed technical trend shift and mixed indicator signals, suggesting a cautious stance may be warranted.
Investors analysing Elecon Engineering Company should consider the interplay of these technical factors alongside broader market conditions and sectoral trends within industrial manufacturing. While short-term indicators show some bearish tendencies, longer-term returns highlight the stock’s capacity for substantial gains over extended periods. The current technical environment calls for close monitoring of momentum shifts and volume patterns to better understand potential price trajectories.
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