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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 2024-11-22 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5197

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	2571.60	2400.00	2614.20	2348.05	2.779 times
21 Thu Nov 2024	2376.55	2338.00	2424.95	2289.25	1.696 times
19 Tue Nov 2024	2317.15	2321.85	2393.95	2301.00	1.201 times
18 Mon Nov 2024	2321.85	2332.00	2425.00	2310.00	1.175 times
14 Thu Nov 2024	2390.65	2349.40	2450.00	2349.00	0.79 times
13 Wed Nov 2024	2349.40	2396.90	2411.95	2316.05	0.839 times
12 Tue Nov 2024	2398.95	2450.00	2499.00	2369.55	0.609 times
11 Mon Nov 2024	2412.30	2539.90	2559.90	2389.00	1.37 times
08 Fri Nov 2024	2539.90	2602.00	2617.90	2525.00	0.646 times
07 Thu Nov 2024	2599.00	2660.00	2667.00	2552.10	0.756 times

Stock of Eimco Elecon (EIMCOELECO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, and stock might move up till 2639.4 or till 2781.2. Use a stoploss of 2521.26 and if this stock hits its stoploss, then it can fall down till 2403.1

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2450.00
Upside Target	2614.20
Upside Target	2693.55
Upside Target	2694.80
Upside Target	2699.00
Upside Target	2801.55
Upside Target	2889.00
Upside Target	3222.10
Upside Target	3395.05

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2369.17
Downside Intraday Target	2166.73
Upside Intraday Target	2694.12
Upside Intraday Target	2816.63
Downside Intraday Target	2491.68

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	2571.60	2332.00	2614.20	2289.25	1.898 times
14 Thu Nov 2024	2390.65	2539.90	2559.90	2316.05	0.996 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

Price has moved up 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
22 Fri Nov 2024	2571.60	2606.10	2694.80	2289.25	0.357 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Eimco Elecon in short term and BUY 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 2438.18 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 rising upwards.

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.