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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 2024-12-16 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6485

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	2534.35	2381.20	2559.00	2381.20	2.005 times
13 Fri Dec 2024	2403.00	2454.50	2471.60	2351.55	1.435 times
12 Thu Dec 2024	2477.05	2500.05	2561.05	2451.00	0.499 times
11 Wed Dec 2024	2524.25	2574.85	2575.95	2513.00	0.608 times
10 Tue Dec 2024	2546.85	2515.05	2578.00	2475.00	0.72 times
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.612 times
06 Fri Dec 2024	2574.30	2495.00	2678.00	2495.00	1.535 times
05 Thu Dec 2024	2485.10	2488.00	2495.00	2425.10	1.375 times
04 Wed Dec 2024	2434.75	2544.00	2551.00	2415.10	1.414 times
03 Tue Dec 2024	2492.25	2546.15	2548.00	2455.55	0.79 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, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2563.3 as stoploss in an intra day sell trade for a target of 2484.83. However, stock will show a bullish move above 2563.3.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2351.55
Upside Target	2559.00
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	2424.03
Downside Intraday Target	2313.72
Upside Intraday Target	2601.83
Upside Intraday Target	2669.32
Downside Intraday Target	2491.52

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Dec 2024	2534.35	2381.20	2559.00	2381.20	0.518 times
13 Fri Dec 2024	2403.00	2574.30	2593.80	2351.55	0.632 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

Price has moved up 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
16 Mon Dec 2024	2534.35	2511.10	2678.00	2351.55	0.711 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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. 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 but BUY 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

Stock of Eimco Elecon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2498.93 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 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.