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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 2024-04-23 View latest technical analysis

10 day averaged volume of Eimco Elecon is 12095

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	2126.55	2126.55	2126.55	2025.30	3.153 times
22 Mon Apr 2024	2025.30	2025.30	2025.30	2025.30	1.259 times
19 Fri Apr 2024	1928.90	1928.90	1928.90	1925.00	2.189 times
18 Thu Apr 2024	1837.05	1756.00	1837.05	1711.05	1.193 times
16 Tue Apr 2024	1749.60	1700.00	1788.95	1651.10	1.325 times
15 Mon Apr 2024	1727.65	1701.05	1750.00	1699.45	0.671 times
12 Fri Apr 2024	1788.90	1792.00	1830.00	1765.00	0.133 times
10 Wed Apr 2024	1809.65	1719.00	1843.00	1719.00	0.439 times
09 Tue Apr 2024	1796.25	1826.30	1860.00	1735.00	0.648 times
01 Fri Mar 2024	1315.10	1303.00	1341.25	1295.00	1.279 times

Stock of Eimco Elecon (EIMCOELECO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 2174.3, for a target of 1854.5 or 1587.95

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	1570.00
Downside Target	1651.10
Downside Target	1700.00
Downside Target	1860.00
Downside Target	1871.00
Downside Target	1928.90
Downside Target	2025.30
Downside Target	2126.55

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	2059.05
Downside Intraday Target	1991.55
Upside Intraday Target	2160.3
Upside Intraday Target	2194.05
Downside Intraday Target	2092.8

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	2126.55	2025.30	2126.55	2025.30	0.82 times
19 Fri Apr 2024	1928.90	1701.05	1928.90	1651.10	4.408 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

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 Tue Apr 2024	2126.55	1826.30	2126.55	1651.10	8.607 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 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 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 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

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 1873.58 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.