Is Elecon Engg.Co technically bullish or bearish?

Nov 19 2025 08:15 AM IST
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As of November 18, 2025, Elecon Engg.Co's trend is mildly bearish, indicated by bearish momentum in the weekly and monthly MACD, conflicting signals from the KST and moving averages, and a significant year-to-date decline compared to the broader market.
As of 18 November 2025, the technical trend for Elecon Engg.Co has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating bearish momentum and the monthly MACD showing mildly bearish conditions. The Bollinger Bands also reflect a bearish trend on the monthly timeframe, while the weekly KST is mildly bullish, suggesting some conflicting signals. The daily moving averages are mildly bullish, but overall, the Dow Theory indicates no trend on the weekly and mildly bearish on the monthly. The stock's recent performance shows a significant decline year-to-date, contrasting with the broader market, which adds to the bearish sentiment.
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