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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 2024-12-03 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7673

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	2492.25	2546.15	2548.00	2455.55	0.668 times
02 Mon Dec 2024	2496.20	2511.10	2560.00	2451.05	0.856 times
29 Fri Nov 2024	2511.10	2638.95	2638.95	2465.00	0.793 times
28 Thu Nov 2024	2615.10	2519.75	2675.00	2462.00	1.421 times
27 Wed Nov 2024	2460.20	2478.70	2516.95	2445.00	0.724 times
26 Tue Nov 2024	2478.70	2533.05	2568.40	2440.00	0.515 times
25 Mon Nov 2024	2533.05	2589.00	2680.15	2505.50	1.053 times
22 Fri Nov 2024	2571.60	2400.00	2614.20	2348.05	1.882 times
21 Thu Nov 2024	2376.55	2338.00	2424.95	2289.25	1.148 times
19 Tue Nov 2024	2317.15	2321.85	2393.95	2301.00	0.814 times

My analysis of stock is bullish for shortterm, and stock might move up till 2587.4 or till 2709. Use a stoploss of 2485.98 and if this stock hits its stoploss, then it can fall down till 2384.6

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Downside Target	2440.00
Upside Target	2525.00
Upside Target	2614.20
Upside Target	2622.65
Upside Target	2680.15
Upside Target	2693.55
Upside Target	2694.80
Upside Target	2801.55
Upside Target	3222.10
Upside Target	3395.05

Intraday share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Intraday Target	2442.2
Downside Intraday Target	2392.15
Upside Intraday Target	2551.15
Upside Intraday Target	2610.05
Upside Intraday Target	2501.1

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	2492.25	2511.10	2560.00	2451.05	0.338 times
29 Fri Nov 2024	2511.10	2589.00	2680.15	2440.00	0.971 times
22 Fri Nov 2024	2571.60	2332.00	2614.20	2289.25	1.898 times
14 Thu Nov 2024	2390.65	2539.90	2559.90	2316.05	0.996 times
08 Fri Nov 2024	2539.90	2676.55	2693.55	2525.00	0.826 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
03 Tue Dec 2024	2492.25	2511.10	2560.00	2451.05	0.107 times
29 Fri Nov 2024	2511.10	2606.10	2694.80	2289.25	0.522 times
31 Thu Oct 2024	2609.15	2958.90	3395.05	2450.00	3.68 times
30 Fri Aug 2024	2951.50	2922.60	3222.10	2801.55	0.365 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 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 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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Eimco Elecon ( (EIMCOELECO) ) based on a mid to longer 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.

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 but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red 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

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 2500.31 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.