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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 2024-11-07 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5404

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	2599.00	2660.00	2667.00	2552.10	0.727 times
06 Wed Nov 2024	2640.15	2590.05	2670.05	2580.00	0.883 times
05 Tue Nov 2024	2590.30	2630.00	2648.95	2568.00	0.494 times
04 Mon Nov 2024	2625.15	2676.55	2693.55	2552.30	0.76 times
01 Fri Nov 2024	2667.75	2606.10	2694.80	2606.00	0.334 times
31 Thu Oct 2024	2609.15	2630.00	2672.00	2600.00	0.632 times
30 Wed Oct 2024	2621.75	2602.20	2683.05	2602.20	0.745 times
29 Tue Oct 2024	2601.45	2640.00	2687.75	2564.20	0.848 times
28 Mon Oct 2024	2573.65	2600.00	2699.00	2495.00	1.662 times
25 Fri Oct 2024	2587.90	2725.00	2725.00	2550.05	1.957 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 2531.6 as stoploss in an intra day buy trade for a target of 2760.94. However, stock will show a bearish move below 2531.6.

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	2552.10
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	2536.22
Downside Intraday Target	2473.43
Upside Intraday Target	2677.67
Upside Intraday Target	2756.33
Upside Intraday Target	2614.88

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	2599.00	2676.55	2693.55	2552.10	0.679 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
07 Thu Nov 2024	2599.00	2606.10	2694.80	2552.10	0.082 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 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 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 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 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 2603.03 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.