Is Elecon Engg.Co technically bullish or bearish?

Sep 29 2025 08:08 AM IST
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As of September 26, 2025, Elecon Engg.Co's technical trend has shifted to mildly bearish, indicated by bearish MACD readings and Bollinger Bands, despite some mildly bullish daily moving averages and OBV.
As of 26 September 2025, the technical trend for Elecon Engg.Co has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish, driven by weekly and monthly MACD readings indicating a bearish trend, along with Bollinger Bands showing a bearish signal on the weekly and mildly bearish on the monthly. The KST is also bearish on both time frames. Although daily moving averages and OBV are mildly bullish, the overall indicators suggest weakness. The company's recent performance shows a significant decline compared to the Sensex, particularly over the past year.
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