Is Elecon Engg.Co technically bullish or bearish?

Sep 09 2025 08:11 AM IST
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As of September 8, 2025, Elecon Engg.Co exhibits a mildly bearish trend, with negative momentum indicated by the MACD and KST, despite a short-term bullish signal from daily moving averages.
As of 8 September 2025, the technical trend for Elecon Engg.Co has changed from sideways to mildly bearish. The weekly MACD is bearish, and the monthly MACD is mildly bearish, indicating a negative momentum. The KST is also mildly bearish on both weekly and monthly time frames. The Bollinger Bands show a mildly bearish stance on the weekly chart, while the daily moving averages are mildly bullish, suggesting some short-term support. However, the overall sentiment remains bearish due to the prevailing indicators. The stock has shown a return of 3.07% over the past week, outperforming the Sensex, but the year-to-date return is down 10.21%, indicating longer-term weakness. Overall, the current technical stance is mildly bearish, driven primarily by the MACD and KST indicators.
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