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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 2024-05-02 View latest technical analysis

10 day averaged volume of Eimco Elecon is 21420

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	2187.45	2170.10	2300.30	2151.15	0.457 times
30 Tue Apr 2024	2234.90	2400.00	2400.00	2233.60	0.9 times
29 Mon Apr 2024	2351.15	2399.00	2430.00	2315.00	1.559 times
08 Mon Apr 2024	1826.30	1900.00	1918.95	1807.95	0.411 times
05 Fri Apr 2024	1853.70	1820.00	1900.00	1750.00	1.041 times
04 Thu Apr 2024	1786.15	1848.00	1848.00	1681.95	1.386 times
03 Wed Apr 2024	1771.60	1630.00	1771.60	1630.00	2.737 times
02 Tue Apr 2024	1610.55	1595.00	1631.00	1580.00	0.433 times
01 Mon Apr 2024	1579.80	1554.90	1595.95	1539.20	0.494 times
28 Thu Mar 2024	1528.15	1520.25	1580.00	1480.80	0.596 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2289, for a target of 1953 or 1673.05

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1323.00
Downside Target	1355.25
Downside Target	1392.00
Downside Target	1480.80
Downside Target	1539.20
Downside Target	1580.00
Downside Target	1701.00
Downside Target	1807.95
Downside Target	1897.80
Downside Target	2151.15
Upside Target	2300.30
Upside Target	2430.00

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2082.4
Downside Intraday Target	1977.35
Upside Intraday Target	2361.25
Upside Intraday Target	2535.05
Upside Intraday Target	2256.2

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2187.45	2399.00	2430.00	2151.15	7.09 times
08 Mon Apr 2024	1826.30	1900.00	1918.95	1807.95	0.068 times
05 Fri Apr 2024	1853.70	1554.90	1900.00	1539.20	4.35 times
28 Thu Mar 2024	1528.15	1544.50	1580.00	1480.80	0.809 times
22 Fri Mar 2024	1507.70	1392.00	1547.50	1392.00	0.644 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2187.45	2170.10	2300.30	2151.15	0.051 times
30 Tue Apr 2024	2234.90	1554.90	2430.00	1539.20	0.927 times
28 Thu Mar 2024	1528.15	1323.00	1580.00	1323.00	9.76 times
01 Fri Dec 2023	1774.10	1749.95	1823.00	1701.00	0.055 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 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 1904.32 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.