Is Elecon Engg.Co technically bullish or bearish?

Aug 07 2025 08:11 AM IST
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As of August 6, 2025, Elecon Engg. Co. shows a mildly bearish technical trend, with bearish indicators from MACD, Bollinger Bands, and KST, despite a mildly bullish daily moving average, and the current price of 562.10 is below the previous close of 572.50.
As of 6 August 2025, the technical trend for Elecon Engg.Co has changed from sideways to mildly bearish. The weekly and monthly MACD readings are both mildly bearish, supporting a bearish stance. Bollinger Bands also indicate a bearish outlook on both time frames. Moving averages show a mildly bullish signal on the daily chart, but this is outweighed by the overall bearish indicators. The KST and Dow Theory confirm a mildly bearish position on both weekly and monthly bases. The current price of 562.10 is significantly below the previous close of 572.50, and the stock has underperformed compared to the Sensex over multiple periods, particularly in the last month and year-to-date. Overall, the technical stance is mildly bearish.
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