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(EASTSILK) Eastern Silk complete technical analysis [charts+indicators] | Buy/Sell Eastern Silk | (EASTSILK) share price targets

Complete technical analysis of Eastern Silk (EASTSILK) by charts plus indicators, forecast predictions and share price targets for Eastern Silk (EASTSILK)

Showing technical analysis as on 2020-10-07 View latest technical analysis

10 day averaged volume of Eastern Silk is 16153

Date Daily Closing Price Open High Low Volume
07 Wed Oct 2020 1.25 1.25 1.25 1.15 0.108 times
06 Tue Oct 2020 1.20 1.15 1.20 1.15 1.165 times
05 Mon Oct 2020 1.15 1.20 1.20 1.15 0.323 times
01 Thu Oct 2020 1.20 1.15 1.20 1.15 3.022 times
30 Wed Sep 2020 1.20 1.20 1.20 1.20 0.112 times
29 Tue Sep 2020 1.15 1.10 1.15 1.10 2.538 times
28 Mon Sep 2020 1.10 1.10 1.15 1.05 0.726 times
25 Fri Sep 2020 1.10 1.05 1.15 1.05 1.225 times
24 Thu Sep 2020 1.10 1.10 1.15 1.05 0.338 times
23 Wed Sep 2020 1.10 1.15 1.20 1.10 0.196 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1.2, but if it comes below 1.2, then a intra day sell could be more profitable.
If you take a sell trade below 1.2, then use 1.2 as stoploss and 1.19 as target. However if you take a buy trade in stock , then use 1.2 as stoploss and 1.3 as target.

Share price targets for Eastern Silk (EASTSILK)

Target Type Value
Downside Target 0.70
Downside Target 1.05
Downside Target 1.10
Downside Target 1.15
Downside Target 1.20
Downside Target 1.25
Upside Target 1.30
Upside Target 1.35
Upside Target 1.45

Intraday share price targets for Eastern Silk (EASTSILK)

Target Type Value
Downside Intraday Target 1.18
Downside Intraday Target 1.12
Upside Intraday Target 1.28
Upside Intraday Target 1.32
Downside Intraday Target 1.22

Weekly technical analysis of Eastern Silk (EASTSILK)

Date Weekly Closing Price Open High Low Volume
07 Wed Oct 2020 1.25 1.20 1.25 1.15 0.249 times
01 Thu Oct 2020 1.20 1.10 1.20 1.05 2.969 times
25 Fri Sep 2020 1.10 1.15 1.20 1.05 0.578 times
18 Fri Sep 2020 1.20 1.30 1.30 1.15 0.557 times
11 Fri Sep 2020 1.25 1.25 1.35 1.20 0.305 times

Price has moved up 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 Eastern Silk (EASTSILK)

Date Monthly Closing Price Open High Low Volume
07 Wed Oct 2020 1.25 1.15 1.25 1.15 0.133 times
30 Wed Sep 2020 1.20 1.45 1.45 1.05 2.28 times
31 Mon Aug 2020 1.40 1.25 1.45 1.10 20.678 times
01 Wed Jul 2020 1.25 1.25 1.25 1.25 0.108 times

Price has moved up 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 Eastern Silk (EASTSILK)

Indicator Name Indicator Value Indicator Signal
ADX 83, 83, 0 Sell
MACD 0, 0Buy
Stochastics 89Buy
CCI 113Buy
RSI 45Sell
OBV 28725Sell
VWAP 1Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Eastern Silk ( (EASTSILK) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Eastern Silk ( (EASTSILK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Eastern Silk ( (EASTSILK) ) 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 Eastern Silk ( (EASTSILK) ) 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 Eastern Silk stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Eastern Silk in short term and the buy signal is strong.

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

Eastern Silk Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

CCI has generated a buy signal for Eastern Silk in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Eastern Silk is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.16 and Eastern Silk (EASTSILK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Eastern Silk (EASTSILK) stock. Volume based technical analysis of Eastern Silk (EASTSILK) stock is negative.

Eastern Silk 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.

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