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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 2024-06-18 View latest technical analysis

10 day averaged volume of Eimco Elecon is 10510

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	2050.25	2140.00	2153.75	2025.90	0.916 times
27 Mon May 2024	1984.50	2051.15	2100.00	1980.00	0.659 times
24 Fri May 2024	2049.65	1965.00	2090.45	1965.00	0.695 times
23 Thu May 2024	1990.95	2048.00	2049.00	1974.00	0.416 times
22 Wed May 2024	1984.85	2090.00	2099.60	1969.85	0.644 times
21 Tue May 2024	2035.20	2070.00	2077.60	2000.50	0.698 times
18 Sat May 2024	1995.40	2065.00	2065.00	1960.00	0.108 times
02 Thu May 2024	2187.45	2170.10	2300.30	2151.15	0.932 times
30 Tue Apr 2024	2234.90	2400.00	2400.00	2233.60	1.834 times
29 Mon Apr 2024	2351.15	2399.00	2430.00	2315.00	3.177 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 2121.4 as stoploss in an intra day sell trade for a target of 1867.86. However, stock will show a bullish move above 2121.4.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1323.00
Downside Target	1539.20
Downside Target	1580.00
Downside Target	1701.00
Downside Target	1807.95
Downside Target	1900.00
Downside Target	1960.00
Downside Target	2025.90
Upside Target	2099.60
Upside Target	2153.75
Upside Target	2300.30
Upside Target	2430.00

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	1968.92
Downside Intraday Target	1887.58
Upside Intraday Target	2142.67
Upside Intraday Target	2235.08
Upside Intraday Target	2061.33

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	2050.25	2051.15	2153.75	1980.00	0.642 times
24 Fri May 2024	2049.65	2070.00	2099.60	1965.00	0.405 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

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
18 Tue Jun 2024	2050.25	2140.00	2153.75	2025.90	0.221 times
27 Mon May 2024	1984.50	2170.10	2300.30	1960.00	0.227 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 2178.8 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.