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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 2024-10-08 View latest technical analysis

10 day averaged volume of Eimco Elecon is 15570

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	2834.75	2765.00	2919.30	2761.00	0.281 times
07 Mon Oct 2024	2858.05	2958.90	2958.90	2751.05	0.287 times
30 Fri Aug 2024	2951.50	2989.00	3019.95	2850.00	0.563 times
29 Thu Aug 2024	2913.70	2944.30	3091.50	2801.55	0.604 times
28 Wed Aug 2024	2944.30	3222.10	3222.10	2915.30	2.107 times
27 Tue Aug 2024	3068.70	3068.70	3068.70	3068.70	0.263 times
26 Mon Aug 2024	2922.60	2922.60	2922.60	2922.60	0.129 times
28 Fri Jun 2024	2375.90	2401.00	2458.00	2367.00	1.023 times
27 Thu Jun 2024	2491.55	2600.05	2600.05	2491.55	0.984 times
26 Wed Jun 2024	2622.65	2600.00	2622.65	2508.55	1.55 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 2851.2 as stoploss in an intra day sell trade for a target of 2469.96. However, stock will show a bullish move above 2851.2.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1539.20
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	2751.05
Downside Target	2801.55
Upside Target	2958.90
Upside Target	3222.10

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2737.57
Downside Intraday Target	2640.38
Upside Intraday Target	2945.42
Upside Intraday Target	3056.08
Upside Intraday Target	2848.23

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	2834.75	2958.90	2958.90	2751.05	0.155 times
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

Price has moved down 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
08 Tue Oct 2024	2834.75	2958.90	2958.90	2751.05	0.155 times
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

Scroll below to view daily charts

Price has moved down 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 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.

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. 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Eimco Elecon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2743.35 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.