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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 2024-06-06 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6855

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1914.55	1851.85	1914.65	1801.30	1.42 times
05 Wed Jun 2024	1823.50	1801.55	1938.00	1801.55	1.475 times
04 Tue Jun 2024	1896.35	1996.00	1997.00	1896.35	0.941 times
03 Mon Jun 2024	1996.15	2023.90	2023.90	1942.00	1.294 times
31 Fri May 2024	1927.55	1920.00	1995.00	1901.00	0.266 times
30 Thu May 2024	1924.85	1959.00	2000.00	1910.00	0.262 times
29 Wed May 2024	1949.90	1925.15	2000.00	1925.10	0.342 times
28 Tue May 2024	1925.15	1990.00	2005.00	1910.00	0.404 times
17 Fri May 2024	1978.45	1975.95	2000.45	1940.00	0.696 times
16 Thu May 2024	1977.85	2000.00	2055.00	1899.80	3.142 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1889.2 as stoploss in an intra day buy trade for a target of 1995.37. However, stock will show a bearish move below 1889.2.

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	1801.30
Downside 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	1802.6
Downside Intraday Target	1690.65
Upside Intraday Target	2025.2
Upside Intraday Target	2135.85
Downside Intraday Target	1913.25

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	1914.55	2023.90	2023.90	1801.30	4.03 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
06 Thu Jun 2024	1914.55	2023.90	2023.90	1801.30	0.369 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 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 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 moving up

CCI has generated a buy signal for Eimco Elecon in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 1936.03 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.