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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 2024-02-29 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6335

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	1300.20	1340.00	1340.00	1280.00	1.65 times
28 Wed Feb 2024	1340.20	1370.00	1370.00	1268.50	1.627 times
27 Tue Feb 2024	1335.25	1336.00	1375.00	1300.05	1.193 times
26 Mon Feb 2024	1334.80	1405.00	1405.00	1322.00	0.944 times
23 Fri Feb 2024	1391.55	1395.00	1410.00	1365.00	1.281 times
22 Thu Feb 2024	1363.75	1438.60	1438.60	1360.00	0.499 times
21 Wed Feb 2024	1413.40	1428.50	1444.00	1395.00	0.466 times
20 Tue Feb 2024	1414.30	1427.95	1456.15	1401.00	0.391 times
19 Mon Feb 2024	1386.85	1375.00	1407.00	1360.00	1.206 times
16 Fri Feb 2024	1373.70	1420.00	1444.95	1368.05	1.084 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1348.1, but if it comes above 1348.1, then a intra day buy could be more profitable.
If you take a sell trade below 1348.1, then use 1348.1 as stoploss and 1263.1 as target. However if you take a buy trade in stock , then use 1348.1 as stoploss and 1418.95 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	1268.50
Upside Target	1332.10
Upside Target	1405.00
Upside Target	1440.40
Upside Target	1498.80
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	1244.13
Downside Intraday Target	1188.07
Upside Intraday Target	1380.63
Upside Intraday Target	1461.07
Upside Intraday Target	1324.57

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	1300.20	1405.00	1405.00	1268.50	1.408 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
29 Thu Feb 2024	1300.20	1433.55	1570.00	1268.50	1.046 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 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 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 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 SELL signal in short term and selling is picking up 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 1355.31 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.