Technical Trend Shift and Current Momentum
As of 28 November 2025, Elecon Engineering Co's technical trend has transitioned from mildly bearish to outright bearish. This shift reflects a growing consensus among technical indicators that the stock is under selling pressure. The Moving Average Convergence Divergence (MACD) on a weekly basis signals bearish momentum, while the monthly MACD remains mildly bearish, indicating that the downward trend may persist in the near term.
Further reinforcing this view, the Bollinger Bands on both weekly and monthly charts are bearish, suggesting that the stock price is trending towards the lower band, a typical sign of increased volatility and potential continuation of the downtrend. Daily moving averages also align with this bearish...
Read More










