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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 2024-11-05 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7186

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	2590.30	2630.00	2648.95	2568.00	0.372 times
04 Mon Nov 2024	2625.15	2676.55	2693.55	2552.30	0.572 times
01 Fri Nov 2024	2667.75	2606.10	2694.80	2606.00	0.251 times
31 Thu Oct 2024	2609.15	2630.00	2672.00	2600.00	0.475 times
30 Wed Oct 2024	2621.75	2602.20	2683.05	2602.20	0.56 times
29 Tue Oct 2024	2601.45	2640.00	2687.75	2564.20	0.638 times
28 Mon Oct 2024	2573.65	2600.00	2699.00	2495.00	1.25 times
25 Fri Oct 2024	2587.90	2725.00	2725.00	2550.05	1.471 times
24 Thu Oct 2024	2630.55	2583.95	2634.25	2450.00	1.266 times
23 Wed Oct 2024	2508.85	2555.00	2637.40	2502.10	1.979 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 2564.7 as stoploss in an intra day buy trade for a target of 2799.19. However, stock will show a bearish move below 2564.7.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2300.30
Downside Target	2450.00
Downside Target	2552.30
Upside Target	2622.65
Upside Target	2693.55
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	2530.55
Downside Intraday Target	2470.8
Upside Intraday Target	2671.8
Upside Intraday Target	2753.3
Upside Intraday Target	2612.05

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	2590.30	2676.55	2693.55	2552.30	0.297 times
01 Fri Nov 2024	2667.75	2600.00	2699.00	2495.00	0.439 times
25 Fri Oct 2024	2587.90	2889.00	2889.00	2450.00	0.481 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

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
05 Tue Nov 2024	2590.30	2606.10	2694.80	2552.30	0.041 times
31 Thu Oct 2024	2609.15	2958.90	3395.05	2450.00	3.68 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

Scroll below to view daily charts

Price has moved down 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 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 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 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 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 SELL. 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.

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 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 2583.34 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 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.