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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 2024-12-17 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7129

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	2402.50	2572.35	2588.95	2367.05	2.655 times
16 Mon Dec 2024	2534.35	2381.20	2559.00	2381.20	1.824 times
13 Fri Dec 2024	2403.00	2454.50	2471.60	2351.55	1.305 times
12 Thu Dec 2024	2477.05	2500.05	2561.05	2451.00	0.454 times
11 Wed Dec 2024	2524.25	2574.85	2575.95	2513.00	0.553 times
10 Tue Dec 2024	2546.85	2515.05	2578.00	2475.00	0.655 times
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.557 times
06 Fri Dec 2024	2574.30	2495.00	2678.00	2495.00	1.396 times
05 Thu Dec 2024	2485.10	2488.00	2495.00	2425.10	1.251 times
04 Wed Dec 2024	2434.75	2544.00	2551.00	2415.10	1.286 times

Stock of Eimco Elecon (EIMCOELECO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2417, but if it comes above 2417, then a intra day buy could be more profitable.
If you take a sell trade below 2417, then use 2417 as stoploss and 2330.9 as target. However if you take a buy trade in stock , then use 2417 as stoploss and 2488.86 as target.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2351.55
Upside Target	2415.10
Upside Target	2588.95
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	2316.72
Downside Intraday Target	2230.93
Upside Intraday Target	2538.62
Upside Intraday Target	2674.73
Upside Intraday Target	2452.83

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	2402.50	2381.20	2588.95	2367.05	1.271 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 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
17 Tue Dec 2024	2402.50	2511.10	2678.00	2351.55	0.883 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 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 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 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.

Eimco Elecon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Eimco Elecon in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 2477.88 and Eimco Elecon (EIMCOELECO) stock is trading below this level. This means that stock is falling with high volumes. 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 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.