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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 2024-11-25 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6164

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	2533.05	2589.00	2680.15	2505.50	1.31 times
22 Fri Nov 2024	2571.60	2400.00	2614.20	2348.05	2.343 times
21 Thu Nov 2024	2376.55	2338.00	2424.95	2289.25	1.43 times
19 Tue Nov 2024	2317.15	2321.85	2393.95	2301.00	1.013 times
18 Mon Nov 2024	2321.85	2332.00	2425.00	2310.00	0.99 times
14 Thu Nov 2024	2390.65	2349.40	2450.00	2349.00	0.666 times
13 Wed Nov 2024	2349.40	2396.90	2411.95	2316.05	0.707 times
12 Tue Nov 2024	2398.95	2450.00	2499.00	2369.55	0.514 times
11 Mon Nov 2024	2412.30	2539.90	2559.90	2389.00	1.155 times
08 Fri Nov 2024	2539.90	2602.00	2617.90	2525.00	0.544 times

My analysis of stock is bullish for shortterm, and stock might move up till 2631.9 or till 2770.6. Use a stoploss of 2516.38 and if this stock hits its stoploss, then it can fall down till 2400.84

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	2680.15
Upside Target	2693.55
Upside Target	2694.80
Upside Target	2699.00
Upside Target	2801.55
Upside Target	3222.10
Upside Target	3395.05

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2465.65
Downside Intraday Target	2398.25
Upside Intraday Target	2640.3
Upside Intraday Target	2747.55
Upside Intraday Target	2572.9

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	2533.05	2589.00	2680.15	2505.50	0.227 times
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

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
25 Mon Nov 2024	2533.05	2606.10	2694.80	2289.25	0.396 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining 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. Bulls are getting stronger in this stock.

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

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 2440.22 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.