Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-30 View latest technical analysis

10 day averaged volume of Eimco Elecon is 18735

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	2951.50	2989.00	3019.95	2850.00	0.468 times
29 Thu Aug 2024	2913.70	2944.30	3091.50	2801.55	0.502 times
28 Wed Aug 2024	2944.30	3222.10	3222.10	2915.30	1.751 times
27 Tue Aug 2024	3068.70	3068.70	3068.70	3068.70	0.219 times
26 Mon Aug 2024	2922.60	2922.60	2922.60	2922.60	0.107 times
28 Fri Jun 2024	2375.90	2401.00	2458.00	2367.00	0.85 times
27 Thu Jun 2024	2491.55	2600.05	2600.05	2491.55	0.818 times
26 Wed Jun 2024	2622.65	2600.00	2622.65	2508.55	1.288 times
25 Tue Jun 2024	2497.80	2483.20	2497.80	2345.05	2.07 times
24 Mon Jun 2024	2378.90	2378.90	2378.90	2335.35	0.641 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2767.6, but if it comes below 2767.6, then a intra day sell could be more profitable.
If you take a sell trade below 2767.6, then use 2767.6 as stoploss and 2386.85 as target. However if you take a buy trade in stock , then use 2767.6 as stoploss and 3224.5 as target.

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	2801.55
Upside Target	3222.10

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2761.33
Downside Intraday Target	2571.17
Upside Intraday Target	3181.88
Upside Intraday Target	3412.27
Upside Intraday Target	2991.72

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	2951.50	2922.60	3222.10	2801.55	0.538 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
30 Fri Aug 2024	2951.50	2922.60	3222.10	2801.55	0.365 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 2652.61 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.