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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 2024-07-26 View latest technical analysis

10 day averaged volume of Eimco Elecon is 18081

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	3372.75	3223.00	3384.15	3104.15	0.714 times
25 Thu Jul 2024	3223.00	3289.95	3289.95	3180.00	0.359 times
24 Wed Jul 2024	3315.40	3140.00	3339.00	3031.25	1.098 times
23 Tue Jul 2024	3189.60	3187.75	3189.60	2900.00	1.858 times
22 Mon Jul 2024	3037.75	3035.00	3037.75	2970.00	1.157 times
19 Fri Jul 2024	2893.10	2999.00	2999.00	2885.15	1.095 times
18 Thu Jul 2024	3037.00	3037.00	3037.00	2939.00	2.215 times
16 Tue Jul 2024	2892.40	2760.00	2892.40	2621.00	0.82 times
15 Mon Jul 2024	2754.70	2798.95	2800.00	2700.00	0.334 times
12 Fri Jul 2024	2679.45	2599.95	2679.45	2520.00	0.597 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 3487.7, for a target of 3108.3 or 2792.12

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	1912.20
Downside Target	2205.00
Downside Target	2296.00
Downside Target	2440.00
Downside Target	2621.00
Downside Target	2749.00
Downside Target	2850.00
Downside Target	2900.00
Downside Target	3037.00
Upside Target	3384.15

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	3053.78
Downside Intraday Target	2734.82
Upside Intraday Target	3537.93
Upside Intraday Target	3703.12
Downside Intraday Target	3218.97

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Jul 2024	3372.75	3035.00	3384.15	2900.00	1.162 times
19 Fri Jul 2024	2893.10	2798.95	3037.00	2621.00	2.314 times
12 Fri Jul 2024	2679.45	2749.00	2749.00	2308.90	0.93 times
05 Fri Jul 2024	2664.45	2494.65	2850.00	2440.00	1.323 times
14 Fri Jun 2024	2132.50	1989.00	2205.00	1912.20	0.678 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
26 Fri Jul 2024	3372.75	2494.65	3384.15	2308.90	3.52 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, and volume has increased substantially. This means that the move can 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 and the buying is gaining 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 3067.51 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.