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(EIMCOELECO) Eimco Elecon complete technical analysis [charts+indicators] | Buy/Sell Eimco Elecon | (EIMCOELECO) share price targets

Complete technical analysis of Eimco Elecon (EIMCOELECO) by charts plus indicators, forecast predictions and share price targets for Eimco Elecon (EIMCOELECO)

Eimco Elecon trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Eimco Elecon is 25473

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	1366.25	1374.00	1374.00	1347.00	0.187 times
05 Tue Mar 2024	1376.25	1396.00	1410.00	1374.00	0.108 times
04 Mon Mar 2024	1396.65	1378.00	1442.95	1370.85	2.131 times
02 Sat Mar 2024	1380.60	1323.00	1380.85	1323.00	0.292 times
01 Fri Dec 2023	1774.10	1749.95	1823.00	1701.00	0.833 times
30 Thu Nov 2023	1706.60	1769.95	1798.50	1678.00	0.773 times
29 Wed Nov 2023	1775.50	1809.95	1897.80	1730.50	2.697 times
28 Tue Nov 2023	1752.55	1728.90	1752.55	1675.10	2.075 times
24 Fri Nov 2023	1593.25	1490.00	1593.25	1471.55	0.657 times
23 Thu Nov 2023	1448.45	1484.45	1484.50	1431.20	0.224 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1397.9, but if it comes above 1397.9, then a intra day buy could be more profitable.
If you take a sell trade below 1397.9, then use 1397.9 as stoploss and 1242.6 as target. However if you take a buy trade in stock , then use 1397.9 as stoploss and 1527.25 as target.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	816.00
Downside Target	864.90
Downside Target	956.45
Downside Target	1323.00
Upside Target	1430.00
Upside Target	1548.00
Upside Target	1593.25
Upside Target	1599.00
Upside Target	1680.00
Upside Target	1701.00
Upside Target	1823.00
Upside Target	1897.80

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	1327.85
Downside Intraday Target	1289.45
Upside Intraday Target	1423.8
Upside Intraday Target	1481.35
Upside Intraday Target	1385.4

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	1366.25	1378.00	1442.95	1347.00	0.364 times
02 Sat Mar 2024	1380.60	1728.90	1897.80	1323.00	3.634 times
24 Fri Nov 2023	1593.25	1517.00	1593.25	1431.20	0.602 times
17 Fri Nov 2023	1534.75	1430.00	1599.00	1430.00	0.952 times
10 Fri Nov 2023	1427.90	1439.00	1548.00	1379.00	0.744 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	1366.25	1323.00	1442.95	1323.00	3.264 times
01 Fri Dec 2023	1774.10	1749.95	1823.00	1701.00	0.055 times
30 Thu Nov 2023	1706.60	1475.00	1897.80	1355.25	0.337 times
31 Tue Oct 2023	1448.05	902.00	1680.00	864.90	11.506 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Eimco Elecon (EIMCOELECO)

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Eimco Elecon stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Eimco Elecon in short term but the sell signal is initial and weak.

Eimco Elecon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Eimco Elecon in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Eimco Elecon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1641.48 and Eimco Elecon (EIMCOELECO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Eimco Elecon (EIMCOELECO) stock. Volume based technical analysis of Eimco Elecon (EIMCOELECO) stock is negative.

Eimco Elecon Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.