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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 2024-06-26 View latest technical analysis

10 day averaged volume of Eimco Elecon is 12656

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	2622.65	2600.00	2622.65	2508.55	1.907 times
25 Tue Jun 2024	2497.80	2483.20	2497.80	2345.05	3.064 times
24 Mon Jun 2024	2378.90	2378.90	2378.90	2335.35	0.949 times
21 Fri Jun 2024	2265.65	2265.65	2265.65	2165.10	2.598 times
20 Thu Jun 2024	2157.80	2145.00	2157.80	2138.45	0.337 times
19 Wed Jun 2024	2055.05	2100.00	2100.00	2030.00	0.287 times
18 Tue Jun 2024	2050.25	2140.00	2153.75	2025.90	0.76 times
27 Mon May 2024	1984.50	2051.15	2100.00	1980.00	0.548 times
24 Fri May 2024	2049.65	1965.00	2090.45	1965.00	0.577 times
23 Thu May 2024	1990.95	2048.00	2049.00	1974.00	0.346 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 2603.5, for a target of 2331.1 or 2104

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	1918.95
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2099.60
Downside Target	2265.65
Downside Target	2335.35
Downside Target	2430.00
Downside Target	2622.65

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2431.12
Downside Intraday Target	2239.58
Upside Intraday Target	2718.42
Upside Intraday Target	2814.18
Downside Intraday Target	2526.88

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	2622.65	2378.90	2622.65	2335.35	1.307 times
21 Fri Jun 2024	2265.65	2051.15	2265.65	1980.00	2.224 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

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
26 Wed Jun 2024	2622.65	2140.00	2622.65	2025.90	2.872 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, 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 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 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 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 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 moving up

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 2341.75 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.