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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 2024-03-02 View latest technical analysis

10 day averaged volume of Eastern Silk is 34783

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	2.05	2.10	2.15	2.05	0.048 times
01 Fri Mar 2024	2.15	2.05	2.25	2.05	2.404 times
29 Thu Feb 2024	2.15	2.15	2.15	2.15	0.214 times
28 Wed Feb 2024	2.25	2.30	2.30	2.25	0.026 times
27 Tue Feb 2024	2.35	2.25	2.40	2.25	1.591 times
26 Mon Feb 2024	2.35	2.40	2.50	2.30	1.127 times
23 Fri Feb 2024	2.40	2.50	2.55	2.40	1.235 times
22 Thu Feb 2024	2.50	2.40	2.50	2.30	2.401 times
21 Wed Feb 2024	2.40	2.40	2.40	2.40	0.398 times
20 Tue Feb 2024	2.50	2.60	2.60	2.50	0.353 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 1.8 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.63 as target.

Share price targets for Eastern Silk (EASTSILK_BE)

Target Type	Value
Downside Target	1.80
Downside Target	2.05
Upside Target	2.15
Upside Target	2.25
Upside Target	2.30
Upside Target	2.35
Upside Target	2.50
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	1.9
Downside Intraday Target	1.75
Upside Intraday Target	2.35
Upside Intraday Target	2.65
Upside Intraday Target	2.2

Weekly technical analysis of Eastern Silk (EASTSILK_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	2.05	2.40	2.50	2.05	1.167 times
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

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
02 Sat Mar 2024	2.05	2.05	2.25	2.05	0.064 times
29 Thu Feb 2024	2.15	2.85	3.45	2.15	2.093 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

Scroll below to view daily charts

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 Eastern Silk (EASTSILK_BE)

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 SELL signal for Eastern Silk 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

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 2.35 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 negative.

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