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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 2024-02-23 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5452

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	1391.55	1395.00	1410.00	1365.00	1.489 times
22 Thu Feb 2024	1363.75	1438.60	1438.60	1360.00	0.58 times
21 Wed Feb 2024	1413.40	1428.50	1444.00	1395.00	0.542 times
20 Tue Feb 2024	1414.30	1427.95	1456.15	1401.00	0.454 times
19 Mon Feb 2024	1386.85	1375.00	1407.00	1360.00	1.402 times
16 Fri Feb 2024	1373.70	1420.00	1444.95	1368.05	1.26 times
15 Thu Feb 2024	1402.15	1438.90	1438.90	1375.00	1.519 times
14 Wed Feb 2024	1420.45	1406.00	1439.95	1367.00	0.28 times
13 Tue Feb 2024	1392.45	1448.00	1448.00	1348.85	1.919 times
12 Mon Feb 2024	1419.80	1480.00	1523.00	1415.35	0.96 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 1387 as stoploss in an intra day buy trade for a target of 1441.11. However, stock will show a bearish move below 1387.

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	1348.98
Downside Intraday Target	1306.42
Upside Intraday Target	1445.13
Upside Intraday Target	1498.72
Upside Intraday Target	1402.57

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	1391.55	1375.00	1456.15	1360.00	0.752 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
23 Fri Feb 2024	1391.55	1433.55	1570.00	1348.85	0.743 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Eimco Elecon ( (EIMCOELECO_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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.

Eimco Elecon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 1394.44 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.