Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-08 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6498

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	3023.15	3049.80	3080.00	2948.00	0.455 times
07 Wed Aug 2024	3002.30	2910.00	3016.55	2907.00	0.45 times
06 Tue Aug 2024	2872.95	2950.50	3071.50	2855.00	0.744 times
05 Mon Aug 2024	2956.95	2905.00	3037.95	2900.05	0.937 times
02 Fri Aug 2024	3050.30	3100.00	3133.90	3025.00	0.592 times
01 Thu Aug 2024	3123.65	3246.70	3299.00	3078.15	1.224 times
31 Wed Jul 2024	3240.15	3214.00	3337.95	3070.10	0.811 times
30 Tue Jul 2024	3227.00	3300.00	3300.00	3200.00	0.989 times
29 Mon Jul 2024	3306.90	3400.00	3499.00	3230.00	1.269 times
26 Fri Jul 2024	3372.75	3223.00	3384.15	3104.15	1.986 times

My analysis of stock is bearish for shortterm, and stock might move down till 2822.4 or till 2564.3. Use a stoploss of 3037.52 and if the stock hits stoploss, then it can shoot up till 3252.6

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	2621.00
Downside Target	2749.00
Downside Target	2855.00
Upside Target	3025.00
Upside Target	3037.00
Upside Target	3080.00
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	2892.1
Downside Intraday Target	2761.05
Upside Intraday Target	3117.1
Upside Intraday Target	3211.05
Downside Intraday Target	2986.05

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	3023.15	2905.00	3080.00	2855.00	0.529 times
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

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
08 Thu Aug 2024	3023.15	3246.70	3299.00	2855.00	0.107 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 Weak and stock is gaining momentum.

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

Eimco Elecon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 but BUY 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

Although the stock is in the BUY zone, but buying 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 3169.91 and Eimco Elecon (EIMCOELECO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.