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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 2024-03-15 View latest technical analysis

10 day averaged volume of Eimco Elecon is 15273

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1429.35	1430.00	1458.00	1385.00	0.55 times
14 Thu Mar 2024	1429.55	1335.00	1451.00	1335.00	0.317 times
13 Wed Mar 2024	1396.65	1412.20	1430.95	1371.75	0.918 times
12 Tue Mar 2024	1420.15	1488.75	1510.00	1407.05	0.754 times
11 Mon Mar 2024	1451.05	1484.00	1506.05	1413.05	1.23 times
07 Thu Mar 2024	1434.35	1365.55	1434.55	1365.00	0.862 times
06 Wed Mar 2024	1366.25	1374.00	1374.00	1347.00	0.311 times
05 Tue Mar 2024	1376.25	1396.00	1410.00	1374.00	0.18 times
04 Mon Mar 2024	1396.65	1378.00	1442.95	1370.85	3.554 times
02 Sat Mar 2024	1380.60	1323.00	1380.85	1323.00	0.486 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1370.5 as stoploss in an intra day buy trade for a target of 1505.65. However, stock will show a bearish move below 1370.5.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	816.00
Downside Target	864.90
Downside Target	956.45
Downside Target	1323.00
Upside Target	1430.00
Upside Target	1510.00
Upside Target	1593.25
Upside Target	1599.00
Upside Target	1680.00
Upside Target	1701.00
Upside Target	1823.00
Upside Target	1897.80

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	1339.57
Downside Intraday Target	1249.78
Upside Intraday Target	1514.57
Upside Intraday Target	1599.78
Downside Intraday Target	1424.78

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1429.35	1484.00	1510.00	1335.00	0.768 times
07 Thu Mar 2024	1434.35	1378.00	1442.95	1347.00	0.441 times
02 Sat Mar 2024	1380.60	1728.90	1897.80	1323.00	3.634 times
24 Fri Nov 2023	1593.25	1517.00	1593.25	1431.20	0.602 times
17 Fri Nov 2023	1534.75	1430.00	1599.00	1430.00	0.952 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
15 Fri Mar 2024	1429.35	1323.00	1510.00	1323.00	6.598 times
01 Fri Dec 2023	1774.10	1749.95	1823.00	1701.00	0.055 times
30 Thu Nov 2023	1706.60	1475.00	1897.80	1355.25	0.337 times
31 Tue Oct 2023	1448.05	902.00	1680.00	864.90	11.506 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Eimco Elecon stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 below 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 1410.25 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 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.