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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 2024-11-12 View latest technical analysis

10 day averaged volume of Eimco Elecon is 3978

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	2398.95	2450.00	2499.00	2369.55	0.796 times
11 Mon Nov 2024	2412.30	2539.90	2559.90	2389.00	1.79 times
08 Fri Nov 2024	2539.90	2602.00	2617.90	2525.00	0.843 times
07 Thu Nov 2024	2599.00	2660.00	2667.00	2552.10	0.987 times
06 Wed Nov 2024	2640.15	2590.05	2670.05	2580.00	1.2 times
05 Tue Nov 2024	2590.30	2630.00	2648.95	2568.00	0.672 times
04 Mon Nov 2024	2625.15	2676.55	2693.55	2552.30	1.033 times
01 Fri Nov 2024	2667.75	2606.10	2694.80	2606.00	0.453 times
31 Thu Oct 2024	2609.15	2630.00	2672.00	2600.00	0.859 times
30 Wed Oct 2024	2621.75	2602.20	2683.05	2602.20	1.012 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2464.8, but if it comes above 2464.8, then a intra day buy could be more profitable.
If you take a sell trade below 2464.8, then use 2464.8 as stoploss and 2228.4 as target. However if you take a buy trade in stock , then use 2464.8 as stoploss and 2661.82 as target.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2300.30
Downside Target	2369.55
Upside Target	2450.00
Upside Target	2622.65
Upside Target	2693.55
Upside Target	2801.55
Upside Target	2889.00
Upside Target	2918.25
Upside Target	3222.10
Upside Target	3395.05

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2325.7
Downside Intraday Target	2252.45
Upside Intraday Target	2516.05
Upside Intraday Target	2633.15
Upside Intraday Target	2442.8

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	2398.95	2539.90	2559.90	2369.55	0.546 times
08 Fri Nov 2024	2539.90	2676.55	2693.55	2525.00	0.826 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

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
12 Tue Nov 2024	2398.95	2606.10	2694.80	2369.55	0.147 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Eimco Elecon stock for short term is SELL. Signal strength is Strong 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 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 and the buying is gaining 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 2556.51 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.