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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 2024-04-12 View latest technical analysis

10 day averaged volume of Eimco Elecon is 7714

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1788.90	1792.00	1830.00	1765.00	0.209 times
10 Wed Apr 2024	1809.65	1719.00	1843.00	1719.00	0.688 times
09 Tue Apr 2024	1796.25	1826.30	1860.00	1735.00	1.016 times
01 Fri Mar 2024	1315.10	1303.00	1341.25	1295.00	2.006 times
29 Thu Feb 2024	1300.20	1340.00	1340.00	1280.00	1.355 times
28 Wed Feb 2024	1340.20	1370.00	1370.00	1268.50	1.336 times
27 Tue Feb 2024	1335.25	1336.00	1375.00	1300.05	0.98 times
26 Mon Feb 2024	1334.80	1405.00	1405.00	1322.00	0.775 times
23 Fri Feb 2024	1391.55	1395.00	1410.00	1365.00	1.052 times
22 Thu Feb 2024	1363.75	1438.60	1438.60	1360.00	0.41 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 1794.2, for a target of 1607.4 or 1451.75

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1268.50
Downside Target	1295.00
Downside Target	1332.10
Downside Target	1405.00
Downside Target	1440.40
Downside Target	1523.00
Downside Target	1570.00
Downside Target	1700.00
Downside Target	1719.00
Upside Target	1860.00
Upside Target	1871.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1718.6
Downside Intraday Target	1648.3
Upside Intraday Target	1859.6
Upside Intraday Target	1930.3
Upside Intraday Target	1789.3

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	1788.90	1826.30	1860.00	1719.00	0.297 times
01 Fri Mar 2024	1315.10	1405.00	1405.00	1268.50	2.044 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

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
12 Fri Apr 2024	1788.90	1826.30	1860.00	1719.00	0.954 times
01 Fri Mar 2024	1315.10	1303.00	1341.25	1295.00	0.131 times
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

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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Eimco Elecon in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 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 1424.7 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.