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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: 3127.76
  • 12Day Average: 3009.55
  • 20Day Average: 2897.59
  • 50Day Average: 2259.29
  • 100Day Average: 1837.97
  • 150Day Average: 1427.74
  • 200Day Average: 1164.24

EIMCOELECO Indicators & signals

Indicator MACD (12,26,9)

3004.13, 2751.7, 261.59
Indicator MACD is in positive zone

Indicator ADX (14)

64.11, 34.17, 7.47
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
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
17 Thu Oct 2024 3071.85 3071.75 to 3395.05 -5% 7.18 times
16 Wed Oct 2024 3233.40 3103.00 to 3250.00 1.37% 0.71 times
15 Tue Oct 2024 3189.85 3041.15 to 3266.65 2.53% 2.13 times
14 Mon Oct 2024 3111.10 3005.00 to 3183.00 2.59% 1.25 times
11 Fri Oct 2024 3032.60 2980.00 to 3089.00 0.06% 1.17 times
10 Thu Oct 2024 3030.75 2981.00 to 3077.20 1.93% 0.52 times
09 Wed Oct 2024 2973.35 2837.00 to 2976.45 4.89% 0.82 times
08 Tue Oct 2024 2834.75 2761.00 to 2919.30 -0.82% 0.55 times
07 Mon Oct 2024 2858.05 2751.05 to 2958.90 -3.17% 0.56 times
30 Fri Aug 2024 2951.50 2850.00 to 3019.95 1.3% 1.1 times
29 Thu Aug 2024 2913.70 2801.55 to 3091.50 0% 1.18 times
29 Thu Aug 2024 2913.70 2801.55 to 3091.50 0% 1.18 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 3085 as stoploss in an intra day sell trade for a target of 2858.16. However, stock will show a bullish move above 3085.

More indepth analysis on MunafaSutra.com