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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 2024-12-13 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6163

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	2403.00	2454.50	2471.60	2351.55	1.51 times
12 Thu Dec 2024	2477.05	2500.05	2561.05	2451.00	0.525 times
11 Wed Dec 2024	2524.25	2574.85	2575.95	2513.00	0.64 times
10 Tue Dec 2024	2546.85	2515.05	2578.00	2475.00	0.757 times
09 Mon Dec 2024	2543.10	2574.30	2593.80	2502.00	0.644 times
06 Fri Dec 2024	2574.30	2495.00	2678.00	2495.00	1.615 times
05 Thu Dec 2024	2485.10	2488.00	2495.00	2425.10	1.447 times
04 Wed Dec 2024	2434.75	2544.00	2551.00	2415.10	1.488 times
03 Tue Dec 2024	2492.25	2546.15	2548.00	2455.55	0.832 times
02 Mon Dec 2024	2496.20	2511.10	2560.00	2451.05	1.066 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2397.4 as stoploss in an intra day buy trade for a target of 2477.64. However, stock will show a bearish move below 2397.4.

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type	Value
Downside Target	2025.90
Downside Target	2289.25
Upside Target	2415.10
Upside Target	2559.90
Upside Target	2622.65
Upside Target	2678.00
Upside Target	2680.15
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	2305.1
Downside Intraday Target	2207.2
Upside Intraday Target	2547.35
Upside Intraday Target	2691.7
Upside Intraday Target	2449.45

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	2403.00	2574.30	2593.80	2351.55	0.632 times
06 Fri Dec 2024	2574.30	2511.10	2678.00	2415.10	1.15 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

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
13 Fri Dec 2024	2403.00	2511.10	2678.00	2351.55	0.592 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 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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Eimco Elecon in short term and the sell signal is strong.

Eimco Elecon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL 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 2491.55 and Eimco Elecon (EIMCOELECO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.