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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 2024-06-28 View latest technical analysis

10 day averaged volume of Eimco Elecon is 15487

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	2375.90	2401.00	2458.00	2367.00	1.028 times
27 Thu Jun 2024	2491.55	2600.05	2600.05	2491.55	0.99 times
26 Wed Jun 2024	2622.65	2600.00	2622.65	2508.55	1.558 times
25 Tue Jun 2024	2497.80	2483.20	2497.80	2345.05	2.504 times
24 Mon Jun 2024	2378.90	2378.90	2378.90	2335.35	0.775 times
21 Fri Jun 2024	2265.65	2265.65	2265.65	2165.10	2.123 times
20 Thu Jun 2024	2157.80	2145.00	2157.80	2138.45	0.276 times
19 Wed Jun 2024	2055.05	2100.00	2100.00	2030.00	0.234 times
18 Tue Jun 2024	2050.25	2140.00	2153.75	2025.90	0.621 times
27 Mon May 2024	1984.50	2051.15	2100.00	1980.00	0.448 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 2388.3 as stoploss in an intra day sell trade for a target of 2169.48. However, stock will show a bullish move above 2388.3.

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
Upside Target	2430.00
Upside Target	2622.65

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2266.62
Downside Intraday Target	2157.33
Upside Intraday Target	2553.92
Upside Intraday Target	2731.93
Upside Intraday Target	2444.63

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	2375.90	2378.90	2622.65	2335.35	1.852 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, 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
28 Fri Jun 2024	2375.90	2140.00	2622.65	2025.90	3.588 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 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 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 2381.55 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.