Long Term Trend: Neutral
AI Indicator Strength: 45.0%
StockELECON
Current Price₹440.00
Short Term Trend
Consolidating Sideways
Trend: Neutral
¼ Long Term Trend Structure
- Price consolidating within ranges
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 50.55
- Mild negative bias
MACD: Weak Bullish
¼ MACD Observation
- Weak positive MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Neutral
📊 ELECON Stock Strength & Risk Analysis
✅ Positive Factors
- RSI at 50.55 indicates healthy neutral momentum.
❌ Risk Factors
- Short term momentum remains bearish.
📌 Market Outlook
Market remains in a transitional phase; directional clarity is pending.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹402.40
₹398.38
₹394.35
🔴 Resistance Zones
₹489.50
₹494.40
₹499.29
ELECON Price Action: Immediate buying interest for ELECON has historically emerged around the ₹402.4 mark. If the stock faces selling pressure, this zone acts as the first line of defense. Conversely, the primary hurdle for an upward rally is positioned at ₹489.50. Breaking past this resistance could signal a fresh leg of bullish momentum.
📊 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: Looking at the Fibonacci retracement map for ELECON, the 38.2% level at ₹308.40 acts as a critical juncture. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where ELECON might reverse or accelerate.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 433.59 | SMA5 | 432.18 |
| EMA9 | 437.58 | SMA9 | 443.27 |
| EMA20 | 438.58 | SMA20 | 438.35 |
| EMA50 | 442.79 | SMA50 | 433.28 |
| EMA100 | 453.51 | SMA100 | 470.22 |
| EMA200 | 469.48 | SMA200 | 454.84 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 < EMA50 (Medium Downtrend): -1 🔴
🔴
• Price < EMA200 (Long-term Bearish): -1 🔴
🔴
• MACD Weak Bullish: +1 🟢
🟢
• Total Score: -1
🔴
• Confidence Score: 45.00%
🔴
Total Score: -1
Technical Indicator Strength: 45.0%
- Neutral alignment in behavior
- AI Confidence Score: 45.0%
👉 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 |
| 2026-09-17 |
Bullish |
414.60 |
414.60 |
424.95 |
414.00 |
2.50% |
0.14 |
476.90 |
412.60% |
15.03 |
0.48 |
2.87 58.15 Success |
| 2026-09-16 |
Bearish |
407.35 |
407.35 |
420.00 |
407.10 |
0.06% |
3.11 |
476.90 |
407.10% |
0.06 |
17.07 |
9.52 36.14 Success |
| 2026-09-03 |
Bullish |
435.95 |
436.50 |
442.50 |
428.75 |
1.37% |
1.78 |
442.50 |
416.80% |
1.50 |
4.39 |
100.00 71.65 Success |
| 2026-09-01 |
Bearish |
412.25 |
412.60 |
418.35 |
406.20 |
1.55% |
1.39 |
457.00 |
406.20% |
1.47 |
10.86 |
26.81 51.13 Success |
| 2026-08-05 |
Bullish |
435.30 |
439.95 |
452.00 |
439.85 |
2.74% |
0.02 |
452.00 |
428.00% |
3.84 |
1.68 |
100.00 78.52 Success |
| 2026-06-23 |
Bearish |
542.85 |
542.95 |
542.95 |
528.40 |
2.68% |
0.00 |
553.85 |
515.35% |
5.07 |
2.03 |
40.06 63.15 Success |
| 2026-06-15 |
Bullish |
560.35 |
567.05 |
576.00 |
552.35 |
1.58% |
2.59 |
576.00 |
524.10% |
2.79 |
6.47 |
100.00 82.50 Success |
| 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 |
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.