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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 2024-04-18 View latest technical analysis

10 day averaged volume of Eimco Elecon is 8866

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1837.05	1756.00	1837.05	1711.05	1.628 times
16 Tue Apr 2024	1749.60	1700.00	1788.95	1651.10	1.808 times
15 Mon Apr 2024	1727.65	1701.05	1750.00	1699.45	0.915 times
12 Fri Apr 2024	1788.90	1792.00	1830.00	1765.00	0.182 times
10 Wed Apr 2024	1809.65	1719.00	1843.00	1719.00	0.598 times
09 Tue Apr 2024	1796.25	1826.30	1860.00	1735.00	0.884 times
01 Fri Mar 2024	1315.10	1303.00	1341.25	1295.00	1.745 times
29 Thu Feb 2024	1300.20	1340.00	1340.00	1280.00	1.179 times
28 Wed Feb 2024	1340.20	1370.00	1370.00	1268.50	1.162 times
27 Tue Feb 2024	1335.25	1336.00	1375.00	1300.05	0.852 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 1920.6, for a target of 1688.3 or 1494.66

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	1456.15
Downside Target	1523.00
Downside Target	1570.00
Downside Target	1651.10
Downside Target	1700.00
Downside Target	1719.00
Downside Target	1837.05
Upside Target	1860.00
Upside Target	1871.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1713.08
Downside Intraday Target	1589.12
Upside Intraday Target	1899.03
Upside Intraday Target	1961.02
Downside Intraday Target	1775.07

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1837.05	1701.05	1837.05	1651.10	2.613 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	1837.05	1826.30	1860.00	1651.10	3.447 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, and volume has increased substantially. This means that the move can 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 moving up

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

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 1575.19 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.