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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 2024-02-21 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5371

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1413.40	1428.50	1444.00	1395.00	0.55 times
20 Tue Feb 2024	1414.30	1427.95	1456.15	1401.00	0.461 times
19 Mon Feb 2024	1386.85	1375.00	1407.00	1360.00	1.423 times
16 Fri Feb 2024	1373.70	1420.00	1444.95	1368.05	1.279 times
15 Thu Feb 2024	1402.15	1438.90	1438.90	1375.00	1.542 times
14 Wed Feb 2024	1420.45	1406.00	1439.95	1367.00	0.284 times
13 Tue Feb 2024	1392.45	1448.00	1448.00	1348.85	1.947 times
12 Mon Feb 2024	1419.80	1480.00	1523.00	1415.35	0.974 times
09 Fri Feb 2024	1489.85	1539.00	1539.00	1470.00	1.101 times
08 Thu Feb 2024	1546.45	1520.00	1568.00	1440.40	0.654 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1395.5 as stoploss in an intra day buy trade for a target of 1446.5. However, stock will show a bearish move below 1395.5.

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	1440.40
Upside Target	1498.80
Upside Target	1570.00
Upside Target	1580.00
Upside Target	1654.90
Upside Target	1700.00
Upside Target	1871.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1363.55
Downside Intraday Target	1313.7
Upside Intraday Target	1459.7
Upside Intraday Target	1506
Downside Intraday Target	1409.85

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	1413.40	1375.00	1456.15	1360.00	0.404 times
16 Fri Feb 2024	1373.70	1480.00	1523.00	1348.85	1.726 times
09 Fri Feb 2024	1489.85	1494.00	1570.00	1440.40	0.571 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

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
21 Wed Feb 2024	1413.40	1433.55	1570.00	1348.85	0.643 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 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 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 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 gaining momentum.

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

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

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

CCI has generated a SELL signal for Eimco Elecon 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 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 1416.64 and Eimco Elecon (EIMCOELECO_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 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.