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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 2024-05-23 View latest technical analysis

10 day averaged volume of Eimco Elecon is 19712

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	1990.95	2048.00	2049.00	1974.00	0.222 times
22 Wed May 2024	1984.85	2090.00	2099.60	1969.85	0.343 times
21 Tue May 2024	2035.20	2070.00	2077.60	2000.50	0.372 times
18 Sat May 2024	1995.40	2065.00	2065.00	1960.00	0.057 times
02 Thu May 2024	2187.45	2170.10	2300.30	2151.15	0.497 times
30 Tue Apr 2024	2234.90	2400.00	2400.00	2233.60	0.978 times
29 Mon Apr 2024	2351.15	2399.00	2430.00	2315.00	1.694 times
08 Mon Apr 2024	1826.30	1900.00	1918.95	1807.95	0.447 times
05 Fri Apr 2024	1853.70	1820.00	1900.00	1750.00	1.131 times
04 Thu Apr 2024	1786.15	1848.00	1848.00	1681.95	1.506 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 2061.5 as stoploss in an intra day sell trade for a target of 1786.48. However, stock will show a bullish move above 2061.5.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1323.00
Downside Target	1355.25
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	1960.00
Downside Target	1969.85
Upside Target	2099.60
Upside Target	2300.30
Upside Target	2430.00

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	1940.67
Downside Intraday Target	1890.38
Upside Intraday Target	2070.42
Upside Intraday Target	2149.88
Upside Intraday Target	2020.13

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	1990.95	2070.00	2099.60	1969.85	0.291 times
18 Sat May 2024	1995.40	2399.00	2430.00	1960.00	7.219 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

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
23 Thu May 2024	1990.95	2170.10	2300.30	1960.00	0.153 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 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 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.

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 green color and prices are in or below the green cloud Prices appear to be moving up

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2049.4 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 positive

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