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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 2024-10-21 View latest technical analysis

10 day averaged volume of Eimco Elecon is 13704

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	2772.35	2889.00	2889.00	2772.35	0.514 times
18 Fri Oct 2024	2918.25	2937.15	2999.95	2918.25	1.317 times
17 Thu Oct 2024	3071.85	3270.00	3395.05	3071.75	4.182 times
16 Wed Oct 2024	3233.40	3225.00	3250.00	3103.00	0.415 times
15 Tue Oct 2024	3189.85	3130.00	3266.65	3041.15	1.242 times
14 Mon Oct 2024	3111.10	3100.00	3183.00	3005.00	0.729 times
11 Fri Oct 2024	3032.60	3089.00	3089.00	2980.00	0.684 times
10 Thu Oct 2024	3030.75	3040.00	3077.20	2981.00	0.305 times
09 Wed Oct 2024	2973.35	2854.15	2976.45	2837.00	0.48 times
08 Tue Oct 2024	2834.75	2765.00	2919.30	2761.00	0.32 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 2662.3 as stoploss in an intra day buy trade for a target of 2890.75. However, stock will show a bearish move below 2662.3.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1539.20
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2300.30
Downside Target	2430.00
Downside Target	2622.65
Downside Target	2751.05
Upside Target	2889.00
Upside 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	2733.47
Downside Intraday Target	2694.58
Upside Intraday Target	2850.12
Upside Intraday Target	2927.88
Upside Intraday Target	2811.23

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	2772.35	2889.00	2889.00	2772.35	0.065 times
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

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
21 Mon Oct 2024	2772.35	2958.90	3395.05	2751.05	2.525 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 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 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 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 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 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 3044.7 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.