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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 2024-08-28 View latest technical analysis

10 day averaged volume of Eimco Elecon is 15305

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	2944.30	3222.10	3222.10	2915.30	2.143 times
27 Tue Aug 2024	3068.70	3068.70	3068.70	3068.70	0.268 times
26 Mon Aug 2024	2922.60	2922.60	2922.60	2922.60	0.132 times
28 Fri Jun 2024	2375.90	2401.00	2458.00	2367.00	1.041 times
27 Thu Jun 2024	2491.55	2600.05	2600.05	2491.55	1.001 times
26 Wed Jun 2024	2622.65	2600.00	2622.65	2508.55	1.577 times
25 Tue Jun 2024	2497.80	2483.20	2497.80	2345.05	2.533 times
24 Mon Jun 2024	2378.90	2378.90	2378.90	2335.35	0.785 times
21 Fri Jun 2024	2265.65	2265.65	2265.65	2165.10	2.148 times
20 Thu Jun 2024	2157.80	2145.00	2157.80	2138.45	0.279 times

Stock of Eimco Elecon (EIMCOELECO) has showed a significant fall. This could be a good time to exit from this stock.

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 3054.5, for a target of 2651 or 2314.7

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1323.00
Downside Target	1539.20
Downside Target	1580.00
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2099.60
Downside Target	2265.65
Downside Target	2430.00
Downside Target	2622.65
Downside Target	2915.30
Upside Target	3222.10

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2832.37
Downside Intraday Target	2720.43
Upside Intraday Target	3139.17
Upside Intraday Target	3334.03
Upside Intraday Target	3027.23

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	2944.30	2922.60	3222.10	2915.30	0.366 times
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

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
28 Wed Aug 2024	2944.30	2922.60	3222.10	2915.30	0.249 times
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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 stronger in this stock.

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 2543.35 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.