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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 2024-05-13 View latest technical analysis

10 day averaged volume of Eimco Elecon is 16685

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon May 2024	1981.80	1889.75	1990.40	1831.00	0.404 times
10 Fri May 2024	1895.65	2000.00	2000.00	1876.90	0.92 times
09 Thu May 2024	1975.65	2080.00	2126.00	1975.65	0.247 times
08 Wed May 2024	2079.60	2030.00	2125.00	2030.00	0.226 times
07 Tue May 2024	2069.75	2135.75	2180.00	2034.00	0.29 times
06 Mon May 2024	2135.75	2100.00	2184.85	2021.25	0.351 times
03 Fri May 2024	2127.60	2296.00	2296.00	2100.00	0.392 times
26 Fri Apr 2024	2314.35	2285.50	2314.35	2250.00	1.454 times
25 Thu Apr 2024	2204.15	2070.00	2204.15	2050.00	1.612 times
24 Wed Apr 2024	2099.20	2150.00	2173.00	2020.25	2.223 times

My analysis of stock is bullish for shortterm, and stock might move up till 2165.5 or till 2424.7. Use a stoploss of 1949.42 and if this stock hits its stoploss, then it can fall down till 1733.38

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	1570.00
Downside Target	1651.10
Downside Target	1700.00
Downside Target	1831.00
Downside Target	1876.90
Downside Target	1928.90
Upside Target	1990.40
Upside Target	2100.00
Upside Target	2184.85
Upside Target	2296.00
Upside Target	2314.35

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1878.4
Downside Intraday Target	1775
Upside Intraday Target	2037.8
Upside Intraday Target	2093.8
Downside Intraday Target	1934.4

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon May 2024	1981.80	1889.75	1990.40	1831.00	0.199 times
10 Fri May 2024	1895.65	2100.00	2184.85	1876.90	5.195 times
03 Fri May 2024	2127.60	2296.00	2296.00	2100.00	0.046 times
26 Fri Apr 2024	2314.35	2025.30	2314.35	2020.25	2.177 times
19 Fri Apr 2024	1928.90	1701.05	1928.90	1651.10	4.408 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
13 Mon May 2024	1981.80	2296.00	2296.00	1831.00	0.213 times
26 Fri Apr 2024	2314.35	1826.30	2314.35	1651.10	14.311 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

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 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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Eimco Elecon in short term but the sell signal is initial and weak.

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 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 but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2127.26 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 positive

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