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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 2024-07-04 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6844

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	2736.05	2850.00	2850.00	2620.00	1.12 times
03 Wed Jul 2024	2725.15	2689.00	2734.00	2618.00	1.708 times
02 Tue Jul 2024	2603.95	2510.00	2619.35	2510.00	1.49 times
01 Mon Jul 2024	2494.65	2494.65	2494.65	2440.00	0.276 times
14 Fri Jun 2024	2132.50	2148.00	2200.00	2090.00	0.7 times
13 Thu Jun 2024	2154.45	2150.00	2205.00	2070.00	0.91 times
12 Wed Jun 2024	2102.80	1999.90	2102.80	1999.90	1.423 times
11 Tue Jun 2024	2002.70	1981.20	2015.00	1912.20	0.679 times
10 Mon Jun 2024	1981.20	1989.00	2039.00	1950.00	0.428 times
07 Fri Jun 2024	1991.80	1914.65	2007.90	1880.00	0.964 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 2724, for a target of 2390.2 or 2111.98

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1295.00
Downside Target	1341.25
Downside Target	1651.10
Downside Target	1801.30
Downside Target	1901.00
Downside Target	2005.00
Downside Target	2100.00
Downside Target	2205.00
Downside Target	2296.00
Downside Target	2314.35
Downside Target	2440.00
Upside Target	2850.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	2500.7
Downside Intraday Target	2265.35
Upside Intraday Target	2910.7
Upside Intraday Target	3085.35
Downside Intraday Target	2675.35

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	2736.05	2494.65	2850.00	2440.00	1.109 times
14 Fri Jun 2024	2132.50	1989.00	2205.00	1912.20	0.678 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

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
04 Thu Jul 2024	2736.05	2494.65	2850.00	2440.00	0.448 times
14 Fri Jun 2024	2132.50	2023.90	2205.00	1801.30	0.736 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

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 tired and bears are picking up momentum.

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 2357.21 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.