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(EIMCOELECO_BE) Eimco Elecon complete technical analysis [charts+indicators] | Buy/Sell Eimco Elecon | (EIMCOELECO_BE) share price targets

Complete technical analysis of Eimco Elecon (EIMCOELECO_BE) by charts plus indicators, forecast predictions and share price targets for Eimco Elecon (EIMCOELECO_BE)

Showing technical analysis as on 2024-02-01 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6436

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	1461.60	1433.55	1481.00	1411.20	0.795 times
31 Wed Jan 2024	1433.55	1447.60	1447.60	1410.00	0.328 times
30 Tue Jan 2024	1418.30	1450.00	1469.95	1400.00	0.748 times
29 Mon Jan 2024	1440.10	1402.00	1468.65	1332.10	2.702 times
25 Thu Jan 2024	1398.75	1391.20	1450.00	1391.20	2.89 times
24 Wed Jan 2024	1464.40	1588.80	1588.80	1464.35	1.179 times
23 Tue Jan 2024	1541.40	1596.80	1618.00	1530.80	0.477 times
22 Mon Jan 2024	1596.80	1630.00	1654.90	1586.00	0.284 times
19 Fri Jan 2024	1626.05	1612.05	1690.00	1611.25	0.45 times
18 Thu Jan 2024	1612.05	1653.65	1653.65	1580.00	0.367 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1478.2, but if it comes above 1478.2, then a intra day buy could be more profitable.
If you take a sell trade below 1478.2, then use 1478.2 as stoploss and 1363.2 as target. However if you take a buy trade in stock , then use 1478.2 as stoploss and 1573.98 as target.

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	708.00
Downside Target	831.00
Downside Target	873.00
Downside Target	921.00
Downside Target	1332.10
Downside Target	1391.20
Upside Target	1481.00
Upside Target	1531.00
Upside Target	1579.00
Upside Target	1654.90
Upside Target	1690.00
Upside Target	1700.00
Upside Target	1871.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1368.8
Downside Intraday Target	1276
Upside Intraday Target	1517.7
Upside Intraday Target	1573.8
Downside Intraday Target	1424.9

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	1461.60	1402.00	1481.00	1332.10	0.947 times
25 Thu Jan 2024	1398.75	1630.00	1654.90	1391.20	1.825 times
19 Fri Jan 2024	1626.05	1673.85	1690.00	1535.05	0.85 times
12 Fri Jan 2024	1670.85	1625.00	1700.00	1579.00	0.972 times
05 Fri Jan 2024	1629.95	1585.00	1700.00	1531.00	0.958 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 Eimco Elecon (EIMCOELECO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	1461.60	1433.55	1481.00	1411.20	0.045 times
31 Wed Jan 2024	1433.55	1585.00	1700.00	1332.10	1.076 times
29 Fri Dec 2023	1599.95	1843.00	1871.00	1580.00	2.651 times
08 Fri Sep 2023	909.35	898.00	921.00	831.00	0.338 times

Scroll below to view daily charts

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 Eimco Elecon (EIMCOELECO_BE)

Price action analysis of Eimco Elecon ( (EIMCOELECO_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Eimco Elecon ( (EIMCOELECO_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 Eimco Elecon ( (EIMCOELECO_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 Eimco Elecon ( (EIMCOELECO_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 Eimco Elecon stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Eimco Elecon in short term but the sell signal is initial and weak.

Eimco Elecon 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Eimco Elecon in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Eimco Elecon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1454.52 and Eimco Elecon (EIMCOELECO_BE) 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 Eimco Elecon (EIMCOELECO_BE) stock. Volume based technical analysis of Eimco Elecon (EIMCOELECO_BE) stock is negative.

Eimco Elecon 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.