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

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

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Eastern Silk is 67116

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2.40	2.50	2.55	2.40	0.64 times
22 Thu Feb 2024	2.50	2.40	2.50	2.30	1.244 times
21 Wed Feb 2024	2.40	2.40	2.40	2.40	0.206 times
20 Tue Feb 2024	2.50	2.60	2.60	2.50	0.183 times
19 Mon Feb 2024	2.60	2.60	2.60	2.60	0.129 times
16 Fri Feb 2024	2.70	2.70	2.70	2.70	0.392 times
15 Thu Feb 2024	2.85	2.85	2.85	2.85	0.576 times
14 Wed Feb 2024	3.00	3.00	3.00	3.00	0.665 times
13 Tue Feb 2024	3.15	3.45	3.45	3.15	0.933 times
12 Mon Feb 2024	3.30	3.30	3.30	3.30	2.429 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.6, but if it comes above 2.6, then a intra day buy could be more profitable.
If you take a sell trade below 2.6, then use 2.6 as stoploss and 2.3 as target. However if you take a buy trade in stock , then use 2.6 as stoploss and 2.89 as target.

Share price targets for Eastern Silk (EASTSILK_BE)

Target Type	Value
Downside Target	1.75
Downside Target	1.80
Downside Target	2.10
Downside Target	2.25
Downside Target	2.30
Downside Target	2.35
Upside Target	2.60
Upside Target	2.70
Upside Target	2.80
Upside Target	3.00
Upside Target	3.15
Upside Target	3.30
Upside Target	3.45

Intraday share price targets for Eastern Silk (EASTSILK_BE)

Target Type	Value
Downside Intraday Target	2.27
Downside Intraday Target	2.13
Upside Intraday Target	2.57
Upside Intraday Target	2.73
Upside Intraday Target	2.43

Weekly technical analysis of Eastern Silk (EASTSILK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2.40	2.60	2.60	2.30	0.481 times
16 Fri Feb 2024	2.70	3.30	3.45	2.70	0.46 times
09 Fri Feb 2024	3.15	2.85	3.15	2.70	1055.818 times
29 Mon Jan 2024	3.00	3.00	3.00	3.00	0.003 times
23 Tue Jan 2024	3.15	3.30	3.30	3.05	1.179 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 Eastern Silk (EASTSILK_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2.40	2.85	3.45	2.30	1.931 times
29 Mon Jan 2024	3.00	2.45	3.30	2.35	0.893 times
29 Fri Dec 2023	2.40	2.45	3.15	2.25	1.335 times
30 Thu Nov 2023	2.45	1.80	2.80	1.80	4.11 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Eastern Silk (EASTSILK_BE)

Price action analysis of Eastern Silk ( (EASTSILK_BE) ) 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_BE) ) 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 Eastern Silk ( (EASTSILK_BE) ) 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_BE) ) 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 SELL signal for Eastern Silk in short term and the sell signal is strong.

Eastern Silk Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Eastern Silk in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.92 and Eastern Silk (EASTSILK_BE) 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 Eastern Silk (EASTSILK_BE) stock. Volume based technical analysis of Eastern Silk (EASTSILK_BE) stock is negative.

Eastern Silk Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.