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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 2024-10-14 View latest technical analysis

10 day averaged volume of Eimco Elecon is 8606

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	3111.10	3100.00	3183.00	3005.00	1.16 times
11 Fri Oct 2024	3032.60	3089.00	3089.00	2980.00	1.089 times
10 Thu Oct 2024	3030.75	3040.00	3077.20	2981.00	0.486 times
09 Wed Oct 2024	2973.35	2854.15	2976.45	2837.00	0.764 times
08 Tue Oct 2024	2834.75	2765.00	2919.30	2761.00	0.509 times
07 Mon Oct 2024	2858.05	2958.90	2958.90	2751.05	0.52 times
30 Fri Aug 2024	2951.50	2989.00	3019.95	2850.00	1.018 times
29 Thu Aug 2024	2913.70	2944.30	3091.50	2801.55	1.092 times
28 Wed Aug 2024	2944.30	3222.10	3222.10	2915.30	3.811 times
27 Tue Aug 2024	3068.70	3068.70	3068.70	3068.70	0.476 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3028.2, but if it comes below 3028.2, then a intra day sell could be more profitable.
If you take a sell trade below 3028.2, then use 3028.2 as stoploss and 2676.85 as target. However if you take a buy trade in stock , then use 3028.2 as stoploss and 3449.9 as target.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	1539.20
Downside Target	1960.00
Downside Target	2025.90
Downside Target	2265.65
Downside Target	2430.00
Downside Target	2622.65
Downside Target	2751.05
Downside Target	3005.00
Downside Target	3089.00
Upside Target	3183.00
Upside Target	3222.10

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	3016.4
Downside Intraday Target	2921.7
Upside Intraday Target	3194.4
Upside Intraday Target	3277.7
Downside Intraday Target	3099.7

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	3111.10	3100.00	3183.00	3005.00	0.344 times
11 Fri Oct 2024	3032.60	2958.90	3089.00	2751.05	0.508 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

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
14 Mon Oct 2024	3111.10	2958.90	3183.00	2751.05	0.683 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 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 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 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 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 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 2970.51 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.