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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 2024-03-21 View latest technical analysis

10 day averaged volume of Eimco Elecon is 9209

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1502.85	1517.70	1524.90	1482.95	0.821 times
20 Wed Mar 2024	1462.80	1494.95	1502.85	1450.00	0.458 times
19 Tue Mar 2024	1491.10	1505.15	1546.65	1470.00	0.628 times
18 Mon Mar 2024	1482.25	1392.00	1494.00	1392.00	0.719 times
15 Fri Mar 2024	1429.35	1430.00	1458.00	1385.00	0.913 times
14 Thu Mar 2024	1429.55	1335.00	1451.00	1335.00	0.525 times
13 Wed Mar 2024	1396.65	1412.20	1430.95	1371.75	1.522 times
12 Tue Mar 2024	1420.15	1488.75	1510.00	1407.05	1.25 times
11 Mon Mar 2024	1451.05	1484.00	1506.05	1413.05	2.039 times
07 Thu Mar 2024	1434.35	1365.55	1434.55	1365.00	1.429 times

My analysis of stock is bearish for shortterm, and stock might move down till 1368.9 or till 1207.4. Use a stoploss of 1503.52 and if the stock hits stoploss, then it can shoot up till 1638.1

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	1392.00
Downside Target	1431.20
Upside Target	1510.00
Upside Target	1546.65
Upside Target	1593.25
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	1414.35
Downside Intraday Target	1325.85
Upside Intraday Target	1569
Upside Intraday Target	1635.15
Downside Intraday Target	1480.5

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	1502.85	1392.00	1546.65	1392.00	0.42 times
15 Fri Mar 2024	1429.35	1484.00	1510.00	1335.00	0.768 times
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

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
21 Thu Mar 2024	1502.85	1323.00	1546.65	1323.00	7.738 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 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 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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Eimco Elecon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Eimco Elecon in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 1443.2 and Eimco Elecon (EIMCOELECO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.