Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-07 View latest technical analysis

10 day averaged volume of Eimco Elecon is 25408

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1434.35	1365.55	1434.55	1365.00	0.518 times
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	2.136 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	0.835 times
30 Thu Nov 2023	1706.60	1769.95	1798.50	1678.00	0.775 times
29 Wed Nov 2023	1775.50	1809.95	1897.80	1730.50	2.704 times
28 Tue Nov 2023	1752.55	1728.90	1752.55	1675.10	2.08 times
24 Fri Nov 2023	1593.25	1490.00	1593.25	1471.55	0.658 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1399.1 as stoploss in an intra day buy trade for a target of 1527.94. However, stock will show a bearish move below 1399.1.

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
Downside 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	1373.25
Downside Intraday Target	1312.15
Upside Intraday Target	1469.2
Upside Intraday Target	1504.05
Downside Intraday Target	1408.1

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	1434.35	1378.00	1442.95	1347.00	0.441 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 up 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
07 Thu Mar 2024	1434.35	1323.00	1442.95	1323.00	3.885 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 BUY. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Eimco Elecon in short term but BUY signal is weak.

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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1635.26 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 positive

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