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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 2024-12-09 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7430

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.534 times
06 Fri Dec 2024	2574.30	2495.00	2678.00	2495.00	1.34 times
05 Thu Dec 2024	2485.10	2488.00	2495.00	2425.10	1.2 times
04 Wed Dec 2024	2434.75	2544.00	2551.00	2415.10	1.234 times
03 Tue Dec 2024	2492.25	2546.15	2548.00	2455.55	0.69 times
02 Mon Dec 2024	2496.20	2511.10	2560.00	2451.05	0.884 times
29 Fri Nov 2024	2511.10	2638.95	2638.95	2465.00	0.818 times
28 Thu Nov 2024	2615.10	2519.75	2675.00	2462.00	1.467 times
27 Wed Nov 2024	2460.20	2478.70	2516.95	2445.00	0.748 times
26 Tue Nov 2024	2478.70	2533.05	2568.40	2440.00	0.532 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2549.9 as stoploss in an intra day sell trade for a target of 2465.11. However, stock will show a bullish move above 2549.9.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2415.10
Downside Target	2502.00
Upside Target	2559.90
Upside Target	2678.00
Upside Target	2680.15
Upside Target	2694.80
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	2498.8
Downside Intraday Target	2454.5
Upside Intraday Target	2590.6
Upside Intraday Target	2638.1
Upside Intraday Target	2546.3

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.1 times
06 Fri Dec 2024	2574.30	2511.10	2678.00	2415.10	1.15 times
29 Fri Nov 2024	2511.10	2589.00	2680.15	2440.00	0.971 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

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
09 Mon Dec 2024	2543.10	2511.10	2678.00	2415.10	0.399 times
29 Fri Nov 2024	2511.10	2606.10	2694.80	2289.25	0.522 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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Eimco Elecon in short term but the buy signal is initial and weak.

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 SELL signal for Eimco Elecon in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2516.12 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 is giving positive 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.