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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 2024-08-02 View latest technical analysis

10 day averaged volume of Eimco Elecon is 14145

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	3050.30	3100.00	3133.90	3025.00	0.272 times
01 Thu Aug 2024	3123.65	3246.70	3299.00	3078.15	0.562 times
31 Wed Jul 2024	3240.15	3214.00	3337.95	3070.10	0.372 times
30 Tue Jul 2024	3227.00	3300.00	3300.00	3200.00	0.454 times
29 Mon Jul 2024	3306.90	3400.00	3499.00	3230.00	0.583 times
26 Fri Jul 2024	3372.75	3223.00	3384.15	3104.15	0.912 times
25 Thu Jul 2024	3223.00	3289.95	3289.95	3180.00	0.459 times
24 Wed Jul 2024	3315.40	3140.00	3339.00	3031.25	1.404 times
23 Tue Jul 2024	3189.60	3187.75	3189.60	2900.00	2.375 times
22 Mon Jul 2024	3037.75	3035.00	3037.75	2970.00	1.479 times

My analysis of stock is bullish for shortterm, and stock might move up till 3249.4 or till 3602.8. Use a stoploss of 2954.91 and if this stock hits its stoploss, then it can fall down till 2660.43

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
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	3025.00
Downside Target	3037.00
Upside Target	3299.00
Upside Target	3384.15
Upside Target	3499.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	2883.87
Downside Intraday Target	2717.43
Upside Intraday Target	3357.87
Upside Intraday Target	3665.43
Upside Intraday Target	3191.43

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	3050.30	3400.00	3499.00	3025.00	0.339 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
02 Fri Aug 2024	3050.30	3246.70	3299.00	3025.00	0.044 times
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

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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Eimco Elecon in short term but the sell signal is initial and weak.

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. 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 coming down

CCI has generated a SELL signal for Eimco Elecon in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 3208.05 and Eimco Elecon (EIMCOELECO_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.