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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 2024-10-18 View latest technical analysis

10 day averaged volume of Eimco Elecon is 12775

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	2918.25	2937.15	2999.95	2918.25	1.413 times
17 Thu Oct 2024	3071.85	3270.00	3395.05	3071.75	4.486 times
16 Wed Oct 2024	3233.40	3225.00	3250.00	3103.00	0.445 times
15 Tue Oct 2024	3189.85	3130.00	3266.65	3041.15	1.332 times
14 Mon Oct 2024	3111.10	3100.00	3183.00	3005.00	0.782 times
11 Fri Oct 2024	3032.60	3089.00	3089.00	2980.00	0.733 times
10 Thu Oct 2024	3030.75	3040.00	3077.20	2981.00	0.328 times
09 Wed Oct 2024	2973.35	2854.15	2976.45	2837.00	0.515 times
08 Tue Oct 2024	2834.75	2765.00	2919.30	2761.00	0.343 times
07 Mon Oct 2024	2858.05	2958.90	2958.90	2751.05	0.35 times

My analysis of stock is bullish for shortterm, and stock might move up till 3124.5 or till 3428.6. Use a stoploss of 2871.08 and if this stock hits its stoploss, then it can fall down till 2617.66

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1539.20
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2265.65
Downside Target	2430.00
Downside Target	2622.65
Downside Target	2751.05
Downside Target	2918.25
Upside Target	3089.00
Upside Target	3222.10
Upside Target	3395.05

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2759.32
Downside Intraday Target	2600.38
Upside Intraday Target	3236.12
Upside Intraday Target	3553.98
Upside Intraday Target	3077.18

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	2918.25	3100.00	3395.05	2918.25	3.728 times
11 Fri Oct 2024	3032.60	2958.90	3089.00	2751.05	0.508 times
30 Fri Aug 2024	2951.50	2922.60	3222.10	2801.55	0.538 times
28 Fri Jun 2024	2375.90	2378.90	2622.65	2335.35	1.852 times
21 Fri Jun 2024	2265.65	2051.15	2265.65	1980.00	2.224 times

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

Monthly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	2918.25	2958.90	3395.05	2751.05	2.401 times
30 Fri Aug 2024	2951.50	2922.60	3222.10	2801.55	0.365 times
28 Fri Jun 2024	2375.90	2140.00	2622.65	2025.90	3.588 times
27 Mon May 2024	1984.50	2170.10	2300.30	1960.00	0.227 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 to mid 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 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 losing momentum.

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

Eimco Elecon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

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 but buying is losing 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 3052.61 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.