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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 2024-02-26 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5672

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	1334.80	1405.00	1405.00	1322.00	1.054 times
23 Fri Feb 2024	1391.55	1395.00	1410.00	1365.00	1.431 times
22 Thu Feb 2024	1363.75	1438.60	1438.60	1360.00	0.557 times
21 Wed Feb 2024	1413.40	1428.50	1444.00	1395.00	0.521 times
20 Tue Feb 2024	1414.30	1427.95	1456.15	1401.00	0.437 times
19 Mon Feb 2024	1386.85	1375.00	1407.00	1360.00	1.347 times
16 Fri Feb 2024	1373.70	1420.00	1444.95	1368.05	1.211 times
15 Thu Feb 2024	1402.15	1438.90	1438.90	1375.00	1.461 times
14 Wed Feb 2024	1420.45	1406.00	1439.95	1367.00	0.269 times
13 Tue Feb 2024	1392.45	1448.00	1448.00	1348.85	1.844 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1376.9, but if it comes above 1376.9, then a intra day buy could be more profitable.
If you take a sell trade below 1376.9, then use 1376.9 as stoploss and 1306.3 as target. However if you take a buy trade in stock , then use 1376.9 as stoploss and 1435.84 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	1322.00
Upside Target	1405.00
Upside Target	1440.40
Upside Target	1498.80
Upside Target	1523.00
Upside Target	1570.00
Upside Target	1580.00
Upside Target	1700.00
Upside Target	1871.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1302.87
Downside Intraday Target	1270.93
Upside Intraday Target	1385.87
Upside Intraday Target	1436.93
Upside Intraday Target	1353.93

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	1334.80	1405.00	1405.00	1322.00	0.246 times
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

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 Eimco Elecon (EIMCOELECO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon Feb 2024	1334.80	1433.55	1570.00	1322.00	0.796 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 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 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 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 coming down

CCI has generated a SELL signal for Eimco Elecon in short term and SELL signal is strong!

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 1385.92 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.