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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 2024-06-13 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6271

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	2154.45	2150.00	2205.00	2070.00	0.993 times
12 Wed Jun 2024	2102.80	1999.90	2102.80	1999.90	1.553 times
11 Tue Jun 2024	2002.70	1981.20	2015.00	1912.20	0.741 times
10 Mon Jun 2024	1981.20	1989.00	2039.00	1950.00	0.467 times
07 Fri Jun 2024	1991.80	1914.65	2007.90	1880.00	1.053 times
06 Thu Jun 2024	1914.55	1851.85	1914.65	1801.30	1.552 times
05 Wed Jun 2024	1823.50	1801.55	1938.00	1801.55	1.613 times
04 Tue Jun 2024	1896.35	1996.00	1997.00	1896.35	1.029 times
03 Mon Jun 2024	1996.15	2023.90	2023.90	1942.00	1.415 times
31 Fri May 2024	1927.55	1920.00	1995.00	1901.00	0.29 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 2125.3, for a target of 2041 or 1970.67

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
Downside Target	2005.00
Downside Target	2100.00
Upside Target	2184.85
Upside Target	2205.00
Upside Target	2296.00
Upside Target	2314.35

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	1976.1
Downside Intraday Target	1797.75
Upside Intraday Target	2268.9
Upside Intraday Target	2383.35
Downside Intraday Target	2090.55

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	2154.45	1989.00	2205.00	1912.20	0.564 times
07 Fri Jun 2024	1991.80	2023.90	2023.90	1801.30	4.786 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

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 Thu Jun 2024	2154.45	2023.90	2205.00	1801.30	0.686 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 up 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 but buying is losing 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 1976.38 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.