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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 2024-07-31 View latest technical analysis

10 day averaged volume of Eimco Elecon is 18310

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	3240.15	3214.00	3337.95	3070.10	0.288 times
30 Tue Jul 2024	3227.00	3300.00	3300.00	3200.00	0.351 times
29 Mon Jul 2024	3306.90	3400.00	3499.00	3230.00	0.45 times
26 Fri Jul 2024	3372.75	3223.00	3384.15	3104.15	0.705 times
25 Thu Jul 2024	3223.00	3289.95	3289.95	3180.00	0.354 times
24 Wed Jul 2024	3315.40	3140.00	3339.00	3031.25	1.084 times
23 Tue Jul 2024	3189.60	3187.75	3189.60	2900.00	1.835 times
22 Mon Jul 2024	3037.75	3035.00	3037.75	2970.00	1.142 times
19 Fri Jul 2024	2893.10	2999.00	2999.00	2885.15	1.081 times
18 Thu Jul 2024	3037.00	3037.00	3037.00	2939.00	2.187 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3216.9, but if it comes below 3216.9, then a intra day sell could be more profitable.
If you take a sell trade below 3216.9, then use 3216.9 as stoploss and 2919.27 as target. However if you take a buy trade in stock , then use 3216.9 as stoploss and 3574.1 as target.

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	2205.00
Downside Target	2296.00
Downside Target	2440.00
Downside Target	2621.00
Downside Target	2749.00
Downside Target	2850.00
Downside Target	3037.00
Downside Target	3070.10
Upside Target	3384.15
Upside Target	3499.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	3040.5
Downside Intraday Target	2840.85
Upside Intraday Target	3469.4
Upside Intraday Target	3698.65
Upside Intraday Target	3269.75

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	3240.15	3400.00	3499.00	3070.10	0.213 times
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

Price has moved down 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
31 Wed Jul 2024	3240.15	2494.65	3499.00	2308.90	3.805 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing momentum.

MACD generated a BUY signal for Eimco Elecon in short term and the buy signal is strong.

Eimco Elecon Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Eimco Elecon in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 3140.01 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.