Highlights & Chart Patterns of Elecon Engineering Company Ltd.
Caution : Falling Price with but volume not supporting.
Candlestick pattern Three Black Crows formed with very weak volume. Possibly a bad signal
Bearish Initiation Heikin Ashi Pattern formed
Short Term Support Line, Bottom Points : 340.8/12-Aug-22 00:00 338.35/03-Aug-22 00:00
Long Term Higher High and Higher Lows , Top Points :377.5/25-Jul-22 00:00 194.15/18-Apr-22 00:00 159.15/14-Mar-22 00:00 , Bottom Points : 167.6/10-May-22 00:00 140.8/28-Mar-22 00:00 131.2/24-Feb-22 00:00
Long Term Higher High and Higher Lows , Top Points :377.5/25-Jul-22 00:00 194.15/18-Apr-22 00:00 , Bottom Points : 167.6/10-May-22 00:00 131.2/24-Feb-22 00:00
Macd /Signal line bearish crossover and sustaining
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Share Price History of Elecon Engineering Company Ltd.
About Elecon Engineering Company Limited
Elecon Engineering Company Limited manufactures and sells power transmission and material handling equipment in India and internationally. The company operates in two segments, Material Handling Equipment and Transmission Equipment. It provides helical and bevel helical, planetary, worm, high speed, wind turbine, marine, and custom built gear boxes; customized gear boxes; loose gears; vertical roller mill drives; elign geared, elflex flexible, fluid, scoop controlled variable speed controlled fluid, and torsion shaft couplings; and elevator traction machines. The company also provides material handling equipment, such as raw material handling systems, stackers, scrapers/reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers and associated equipment, feeders, idlers and pulleys, magnates/weighers/detectors, port equipment, and cable reeling drums; and alternate energy products. In addition, it engages in the ferrous and non-ferrous foundry business. Further, the company offers gearbox repair and refurbish services; and material handling equipment support services. Elecon Engineering Company Limited serves cement, sugar, defense, steel, mining, power, plastic, material handling, chemical, palm oil, crane, paper, rubber, marine, and fertilizer industries, as well as windmills and ports. The company was founded in 1951 and is based in Vallabh Vidyanagar, India.
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