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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 2024-02-05 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6685

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	1538.15	1494.00	1569.00	1470.10	0.78 times
02 Fri Feb 2024	1494.30	1461.65	1498.80	1461.65	0.513 times
01 Thu Feb 2024	1461.60	1433.55	1481.00	1411.20	0.766 times
31 Wed Jan 2024	1433.55	1447.60	1447.60	1410.00	0.316 times
30 Tue Jan 2024	1418.30	1450.00	1469.95	1400.00	0.72 times
29 Mon Jan 2024	1440.10	1402.00	1468.65	1332.10	2.602 times
25 Thu Jan 2024	1398.75	1391.20	1450.00	1391.20	2.782 times
24 Wed Jan 2024	1464.40	1588.80	1588.80	1464.35	1.135 times
23 Tue Jan 2024	1541.40	1596.80	1618.00	1530.80	0.46 times
22 Mon Jan 2024	1596.80	1630.00	1654.90	1586.00	0.273 times

My analysis of stock is bearish for shortterm, and stock might move down till 1466.9 or till 1353.4. Use a stoploss of 1561.49 and if the stock hits stoploss, then it can shoot up till 1656.06

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
Downside Target	1470.10
Downside Target	1535.05
Upside Target	1569.00
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	1482.5
Downside Intraday Target	1426.85
Upside Intraday Target	1581.4
Upside Intraday Target	1624.65
Downside Intraday Target	1525.75

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	1538.15	1494.00	1569.00	1470.10	0.159 times
02 Fri Feb 2024	1494.30	1402.00	1498.80	1332.10	1.057 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

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
05 Mon Feb 2024	1538.15	1433.55	1569.00	1411.20	0.122 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 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 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 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 Weak and stock is losing momentum.

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

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

Eimco Elecon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 Eimco Elecon in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1450.24 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.