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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)

10 day averaged volume of Eimco Elecon is 4583

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 2317.15 2321.85 2393.95 2301.00 1.362 times
18 Mon Nov 2024 2321.85 2332.00 2425.00 2310.00 1.332 times
14 Thu Nov 2024 2390.65 2349.40 2450.00 2349.00 0.896 times
13 Wed Nov 2024 2349.40 2396.90 2411.95 2316.05 0.951 times
12 Tue Nov 2024 2398.95 2450.00 2499.00 2369.55 0.691 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2277.4, for a target of 2415.4 or 2530.38

Share price targets for Eimco Elecon (EIMCOELECO)

Target Type Value
Downside Target 1960.00
Downside Target 2025.90
Downside Target 2300.30
Upside Target 2425.00
Upside Target 2622.65
Upside Target 2693.55
Upside Target 2694.80
Upside Target 2699.00
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 2270.43
Downside Intraday Target 2223.72
Upside Intraday Target 2394.43
Upside Intraday Target 2471.72
Upside Intraday Target 2347.72

Weekly technical analysis of Eimco Elecon (EIMCOELECO)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 2317.15 2332.00 2425.00 2301.00 0.658 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 2.037 times
01 Fri Nov 2024 2667.75 2602.20 2694.80 2600.00 0.526 times
30 Wed Oct 2024 2621.75 2600.00 2699.00 2495.00 0.338 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
19 Tue Nov 2024 2317.15 2606.10 2694.80 2301.00 0.242 times
31 Thu Oct 2024 2609.15 2958.90 3395.05 2450.00 3.751 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 10, 27, 44 Sell
MACD -80, -23Sell
Stochastics 9Sell
CCI -88Sell
RSI 56Buy
OBV -60912Sell
VWAP 2438Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

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 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 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 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 Strong and stock is gaining 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 in or above 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 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 2437.89 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.

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