Long Term Trend: Strong
AI Indicator Strength: 55.0%
StockELECON
Current Price₹539.05
Short Term Trend
Weak Upward
Trend: Strong
¼ Long Term Trend Structure
- Price above EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 55.55
- Mild negative bias
MACD: Weak Bearish
¼ MACD Observation
- Weak negative MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Strong
📊 ELECON Stock Strength & Risk Analysis
✅ Positive Factors
- Price trading above major EMA levels indicating strong long term trend.
- RSI at 55.55 indicates healthy neutral momentum.
❌ Risk Factors
- Price is overextended relative to its historical baseline averages; watch for localized mean reversion.
📌 Market Outlook
Market remains in a transitional phase; directional clarity is pending.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹469.65
₹464.95
₹460.26
🔴 Resistance Zones
₹576.00
₹581.76
₹587.52
ELECON Price Action: The nearest structural support is quite distant at ₹469.65 (over 10% away). In the short term, traders should watch the EMA20 at ₹529.72 as a dynamic support level. On the upside, the primary hurdle for an upward rally is positioned at ₹576.00.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 206.65 |
| 38.2% | 308.40 |
| 50.0% | 390.64 |
| 61.8% | 472.87 |
| 78.6% | 589.96 |
Structural Pullbacks: With ELECON trading in the upper half of its 52-week range, upper support floors like the 23.6% level at ₹206.65 act as immediate breakout retest zones. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where ELECON might find fresh buying interest.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 542.81 | SMA5 | 549.89 |
| EMA9 | 539.77 | SMA9 | 541.13 |
| EMA20 | 529.72 | SMA20 | 529.77 |
| EMA50 | 503.90 | SMA50 | 504.32 |
| EMA100 | 486.36 | SMA100 | 456.39 |
| EMA200 | 493.57 | SMA200 | 490.54 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Weak Bearish: -1 🔴
🔴
• Total Score: 1
🔴
• Confidence Score: 55.00%
🔴
Total Score: 1
Technical Indicator Strength: 55.0%
- Strong alignment in behavior
- AI Confidence Score: 55.0%
👉 Market appears neutral
📊 MACD Backtested Signals (Historical)
| Date |
Signal |
Close |
T+1 Open |
T+1 High |
T+1 Low |
T+1 Change |
T+5 High |
T+5 Low |
T+5 Change |
Strength |
Confidence |
Strategy |
| 2026-05-12 |
Bearish |
502.00 |
491.70 |
512.85 |
491.70 |
0.00% |
4.30 |
512.85 |
469.65% |
6.44 |
2.16 |
12.56 46.68 No Trade |
| 2026-04-02 |
Bullish |
388.15 |
388.15 |
395.55 |
381.00 |
1.91% |
1.84 |
435.50 |
381.00% |
12.20 |
1.84 |
57.95 77.82 Success |
| 2026-03-27 |
Bearish |
372.30 |
370.00 |
370.00 |
352.00 |
4.86% |
0.00 |
395.95 |
352.00% |
5.45 |
6.35 |
41.30 76.13 Success |
| 2026-03-25 |
Bullish |
387.25 |
386.00 |
386.75 |
370.10 |
0.19% |
4.12 |
395.55 |
352.00% |
2.14 |
9.10 |
9.62 39.82 Success |
| 2026-02-23 |
Bearish |
426.35 |
426.40 |
431.80 |
416.50 |
2.32% |
1.27 |
431.80 |
393.00% |
7.82 |
1.28 |
47.65 72.07 Success |
| 2026-01-30 |
Bullish |
408.10 |
394.00 |
404.90 |
389.80 |
2.77% |
1.07 |
458.90 |
389.80% |
12.45 |
4.48 |
100.00 95.00 Success |
| 2026-01-09 |
Bearish |
423.55 |
421.60 |
426.00 |
395.35 |
6.23% |
1.04 |
426.00 |
387.25% |
8.57 |
0.58 |
43.88 82.41 Success |
| 2025-12-12 |
Bullish |
482.85 |
482.40 |
488.50 |
479.25 |
1.26% |
0.65 |
488.50 |
466.25% |
1.17 |
3.44 |
40.88 41.79 Success |
| 2025-11-21 |
Bearish |
514.35 |
514.90 |
517.20 |
491.00 |
4.64% |
0.45 |
517.20 |
486.00% |
5.51 |
0.55 |
74.44 81.48 Success |
| 2025-11-18 |
Bullish |
536.15 |
535.00 |
552.85 |
533.20 |
3.34% |
0.34 |
552.85 |
486.00% |
3.11 |
9.35 |
5.75 52.32 Success |
| 2025-11-07 |
Bearish |
537.75 |
539.00 |
540.40 |
522.05 |
3.14% |
0.26 |
553.30 |
510.00% |
5.16 |
2.89 |
59.33 76.03 Success |
| 2025-10-29 |
Bullish |
560.00 |
560.90 |
572.20 |
558.00 |
2.01% |
0.52 |
574.80 |
544.00% |
2.64 |
2.86 |
42.68 51.11 Success |
| 2025-10-10 |
Bearish |
556.85 |
550.00 |
555.35 |
547.15 |
0.52% |
0.97 |
558.15 |
527.90% |
5.20 |
0.23 |
100.00 72.16 Success |
| 2025-10-07 |
Bullish |
619.65 |
622.70 |
623.00 |
604.00 |
0.05% |
3.00 |
623.00 |
527.90% |
0.54 |
14.81 |
61.33 57.54 Success |
| 2025-09-26 |
Bearish |
565.70 |
565.70 |
574.20 |
555.65 |
1.78% |
1.50 |
604.80 |
555.65% |
1.78 |
6.91 |
100.00 81.79 Success |
| 2025-08-13 |
Bullish |
567.80 |
569.95 |
570.35 |
550.00 |
0.07% |
3.50 |
583.55 |
550.00% |
2.77 |
3.13 |
9.01 31.72 Success |
| 2025-07-11 |
Bearish |
619.30 |
622.50 |
637.85 |
622.50 |
0.00% |
2.47 |
637.85 |
595.35% |
3.87 |
3.00 |
100.00 73.37 No Trade |
| 2025-07-10 |
Bullish |
648.70 |
647.00 |
683.00 |
614.90 |
5.56% |
4.96 |
683.00 |
603.20% |
5.29 |
7.01 |
0.75 60.24 Success |
| 2025-05-26 |
Bearish |
673.30 |
673.30 |
691.05 |
670.05 |
0.48% |
2.64 |
703.00 |
661.30% |
1.78 |
4.41 |
100.00 69.03 Success |
| 2025-04-11 |
Bullish |
436.05 |
450.00 |
466.00 |
442.65 |
3.56% |
1.63 |
519.85 |
442.65% |
19.22 |
-1.51 |
46.69 79.92 Success |
Interpreting Historical MACD Data: The table above presents backtested historical performance of MACD crossover signals for ELECON. By analyzing past T+1 to T+5 day price movements following a MACD buy or sell signal, traders can gauge the historical reliability and expected volatility of the current signal.