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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 2024-06-05 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6335

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1823.50	1801.55	1938.00	1801.55	1.596 times
04 Tue Jun 2024	1896.35	1996.00	1997.00	1896.35	1.018 times
03 Mon Jun 2024	1996.15	2023.90	2023.90	1942.00	1.401 times
31 Fri May 2024	1927.55	1920.00	1995.00	1901.00	0.287 times
30 Thu May 2024	1924.85	1959.00	2000.00	1910.00	0.283 times
29 Wed May 2024	1949.90	1925.15	2000.00	1925.10	0.37 times
28 Tue May 2024	1925.15	1990.00	2005.00	1910.00	0.438 times
17 Fri May 2024	1978.45	1975.95	2000.45	1940.00	0.753 times
16 Thu May 2024	1977.85	2000.00	2055.00	1899.80	3.4 times
15 Wed May 2024	1999.75	2050.00	2100.00	1990.00	1.275 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 1896.2, but if it comes above 1896.2, then a intra day buy could be more profitable.
If you take a sell trade below 1896.2, then use 1896.2 as stoploss and 1759.8 as target. However if you take a buy trade in stock , then use 1896.2 as stoploss and 2009.85 as target.

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1268.50
Downside Target	1295.00
Downside Target	1341.25
Downside Target	1570.00
Downside Target	1651.10
Downside Target	1801.55
Upside Target	1876.90
Upside Target	2005.00
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	1742.07
Downside Intraday Target	1660.63
Upside Intraday Target	1964.42
Upside Intraday Target	2105.33
Upside Intraday Target	1882.98

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	1823.50	2023.90	2023.90	1801.55	2.915 times
31 Fri May 2024	1927.55	1990.00	2005.00	1901.00	0.19 times
17 Fri May 2024	1978.45	1889.75	2100.00	1831.00	1.356 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

Price has moved down 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
05 Wed Jun 2024	1823.50	2023.90	2023.90	1801.55	0.267 times
31 Fri May 2024	1927.55	2296.00	2296.00	1831.00	0.43 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

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 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 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 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 in or below the green 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 1946.59 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.