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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 2024-04-02 View latest technical analysis

10 day averaged volume of Eimco Elecon is 8603

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	1610.55	1595.00	1631.00	1580.00	1.077 times
01 Mon Apr 2024	1579.80	1554.90	1595.95	1539.20	1.23 times
28 Thu Mar 2024	1528.15	1520.25	1580.00	1480.80	1.484 times
27 Wed Mar 2024	1522.45	1544.95	1544.95	1501.00	1.104 times
26 Tue Mar 2024	1506.50	1544.50	1544.50	1489.45	0.899 times
22 Fri Mar 2024	1507.70	1547.50	1547.50	1482.10	1.497 times
21 Thu Mar 2024	1502.85	1517.70	1524.90	1482.95	0.879 times
20 Wed Mar 2024	1462.80	1494.95	1502.85	1450.00	0.491 times
19 Tue Mar 2024	1491.10	1505.15	1546.65	1470.00	0.672 times
18 Mon Mar 2024	1482.25	1392.00	1494.00	1392.00	0.769 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1609.1, for a target of 1529.8 or 1463.75

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	864.90
Downside Target	1323.00
Downside Target	1392.00
Downside Target	1442.95
Downside Target	1480.80
Downside Target	1580.00
Upside Target	1631.00
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	1556.17
Downside Intraday Target	1501.78
Upside Intraday Target	1647.97
Upside Intraday Target	1685.38
Downside Intraday Target	1593.58

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	1610.55	1554.90	1631.00	1539.20	0.662 times
28 Thu Mar 2024	1528.15	1544.50	1580.00	1480.80	0.809 times
22 Fri Mar 2024	1507.70	1392.00	1547.50	1392.00	0.644 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

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
02 Tue Apr 2024	1610.55	1554.90	1631.00	1539.20	0.096 times
28 Thu Mar 2024	1528.15	1323.00	1580.00	1323.00	9.76 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

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Eimco Elecon in short term and the buy signal is strong.

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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 1526.31 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.