Last close · 16 Oct 2026
Rs 235.16 -2.00%
Technical analysis · updated after the close, 16 Oct 2026
Elahi Cotton Mills Limited (ELCM) technical analysis
ELCM closed at Rs 235.16 on 16 Oct 2026 (-2.00%). The daily picture is bearish: the price is below 5 of its 6 simple moving averages, MACD is below its signal line and RSI at 45.3 is neutral. The weekly trend is bullish, and the monthly chart is strongly bullish. Nearest support is the daily S1 at 229.98, resistance the pivot at 239.99.
Daily
Bearish
Weekly
Bullish
Monthly
Strongly bullish
Oscillators
Neutral
3 bullish · 5 neutral · 2 bearish
| Indicator | Value | Reading |
|---|---|---|
| RSI (14) | 51.38 | Neutral |
| Stochastic %K (14, 3, 3) | 33.05 | Neutral |
| Stochastic RSI (14, 3, 3) | 0.00 | Bullish |
| CCI (20) | -10.83 | Neutral |
| ADX (14) | 32.32 | Bullish |
| Williams %R (14) | -70.97 | Neutral |
| MACD (12, 26, 9) | 12.25 | Bearish |
| Momentum (10) | -0.46 | Bearish |
| Ultimate Oscillator (7, 14, 28) | 52.77 | Neutral |
| Bull Bear Power (13) | 0.04 | Bullish |
Moving averages
Bullish
9 bullish · 0 neutral · 3 bearish
| Period | Simple | Exponential | ||
|---|---|---|---|---|
| MA 10 | 239.52 | Bearish | 243.08 | Bearish |
| MA 20 | 242.84 | Bearish | 234.13 | Bullish |
| MA 30 | 216.98 | Bullish | 226.03 | Bullish |
| MA 50 | 210.96 | Bullish | 211.85 | Bullish |
| MA 100 | 176.25 | Bullish | 180.72 | Bullish |
| MA 200 | 116.24 | Bullish | 139.23 | Bullish |
Support & resistance
Weekly pivots- R3 314.07
- R2 287.53
- R1 265.27
- Pivot 238.73
- S1 216.47
- S2 189.93
- S3 167.67
- Close 235.16
Pivot points
| Level | Classic | Fibonacci | Camarilla |
|---|---|---|---|
| R3 | 314.07 | 287.53 | 256.42 |
| R2 | 287.53 | 268.89 | 251.95 |
| R1 | 265.27 | 257.37 | 247.47 |
| Pivot | 238.73 | 238.73 | 238.73 |
| S1 | 216.47 | 220.09 | 238.53 |
| S2 | 189.93 | 208.57 | 234.05 |
| S3 | 167.67 | 189.93 | 229.58 |
Range & volatility
52-week range
126.01369.99
- ATR (14)
- 47.3220.1% of price
- Bollinger Bands (20, 2)
- 180.14 – 305.54
- From the 52-week high
- -36.4%
- Bars analysed
- 307
How these readings work
Computed after each close from ELCM's daily prices; weekly and monthly bars are built from them, and days without trading are left out. Each oscillator and moving average gives a bullish, neutral or bearish reading, and the summary weighs them: strongly bullish when clearly more readings are bullish, strongly bearish when clearly more are bearish. Pivot levels come from the previous completed bar. Readings describe the chart; they are not a recommendation. For information purposes only, not investment advice.
History before 22 Jul 2013 is left out: a price move on that day was too large to compare earlier prices (for example an unadjusted split or bonus issue).
Pattern signals for ELCM → ELCM overview and price history →