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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 2024-12-11 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7091

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	2524.25	2574.85	2575.95	2513.00	0.556 times
10 Tue Dec 2024	2546.85	2515.05	2578.00	2475.00	0.658 times
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.56 times
06 Fri Dec 2024	2574.30	2495.00	2678.00	2495.00	1.404 times
05 Thu Dec 2024	2485.10	2488.00	2495.00	2425.10	1.257 times
04 Wed Dec 2024	2434.75	2544.00	2551.00	2415.10	1.293 times
03 Tue Dec 2024	2492.25	2546.15	2548.00	2455.55	0.723 times
02 Mon Dec 2024	2496.20	2511.10	2560.00	2451.05	0.926 times
29 Fri Nov 2024	2511.10	2638.95	2638.95	2465.00	0.858 times
28 Thu Nov 2024	2615.10	2519.75	2675.00	2462.00	1.537 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 2556.2 as stoploss in an intra day sell trade for a target of 2471.06. However, stock will show a bullish move above 2556.2.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2415.10
Upside Target	2559.90
Upside Target	2622.65
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	2468.23
Downside Intraday Target	2412.22
Upside Intraday Target	2587.03
Upside Intraday Target	2649.82
Upside Intraday Target	2531.02

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	2524.25	2574.30	2593.80	2475.00	0.317 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
11 Wed Dec 2024	2524.25	2511.10	2678.00	2415.10	0.478 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a short 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 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 and the buy 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 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 2525.27 and Eimco Elecon (EIMCOELECO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.