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Stock analysis Eimco Elecon (India) Limited EIMCOELECO

More indepth analysis on MunafaSutra.com

Moving Averages for Eimco Elecon (India) Limited

  • 5Day Average: 2473.36
  • 12Day Average: 2243.39
  • 20Day Average: 2169.48
  • 50Day Average: 1783.84
  • 100Day Average: 1493.35
  • 150Day Average: 1145.79
  • 200Day Average: 955.26

EIMCOELECO Indicators & signals

Indicator MACD (12,26,9)

2290.26, 2088.8, 177.01
Indicator MACD is in positive zone

Indicator ADX (14)

40.79, 40.95, 17.22
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EIMCOELECO Eimco Elecon (India) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Fri Jun 2024 2375.90 2367.00 to 2458.00 -4.64% 1.03 times
27 Thu Jun 2024 2491.55 2491.55 to 2600.05 -5% 0.99 times
26 Wed Jun 2024 2622.65 2508.55 to 2622.65 5% 1.56 times
25 Tue Jun 2024 2497.80 2345.05 to 2497.80 5% 2.5 times
24 Mon Jun 2024 2378.90 2335.35 to 2378.90 5% 0.78 times
21 Fri Jun 2024 2265.65 2165.10 to 2265.65 5% 2.12 times
20 Thu Jun 2024 2157.80 2138.45 to 2157.80 5% 0.28 times
19 Wed Jun 2024 2055.05 2030.00 to 2100.00 0.23% 0.23 times
18 Tue Jun 2024 2050.25 2025.90 to 2153.75 3.31% 0.62 times
27 Mon May 2024 1984.50 1980.00 to 2100.00 -3.18% 0.45 times
24 Fri May 2024 2049.65 1965.00 to 2090.45 2.95% 0.47 times
23 Thu May 2024 1990.95 1974.00 to 2049.00 0.31% 0.28 times

Technical analysis forecast of Eimco Elecon (India) Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Eimco Elecon (India) Limited EIMCOELECO at this time. Stock is rising and might rise more.

It appears as if Eimco Elecon (India) Limited EIMCOELECO gave a large move recently.

Stock of Eimco Elecon (India) Limited (EIMCOELECO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Eimco Elecon (India) Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2384.1 as stoploss in an intra day sell trade for a target of 2165.26. However, stock will show a bullish move above 2384.1.

More indepth analysis on MunafaSutra.com