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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 2024-08-12 View latest technical analysis

10 day averaged volume of Eimco Elecon is 5057

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	2961.30	2981.45	3088.00	2926.00	0.6 times
09 Fri Aug 2024	2981.45	3087.00	3087.00	2911.05	0.401 times
08 Thu Aug 2024	3023.15	3049.80	3080.00	2948.00	0.585 times
07 Wed Aug 2024	3002.30	2910.00	3016.55	2907.00	0.578 times
06 Tue Aug 2024	2872.95	2950.50	3071.50	2855.00	0.956 times
05 Mon Aug 2024	2956.95	2905.00	3037.95	2900.05	1.204 times
02 Fri Aug 2024	3050.30	3100.00	3133.90	3025.00	0.761 times
01 Thu Aug 2024	3123.65	3246.70	3299.00	3078.15	1.572 times
31 Wed Jul 2024	3240.15	3214.00	3337.95	3070.10	1.042 times
30 Tue Jul 2024	3227.00	3300.00	3300.00	3200.00	1.271 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2908 as stoploss in an intra day buy trade for a target of 3073.09. However, stock will show a bearish move below 2908.

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	2855.00
Upside Target	3025.00
Upside Target	3087.00
Upside Target	3088.00
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	2895.53
Downside Intraday Target	2829.77
Upside Intraday Target	3057.53
Upside Intraday Target	3153.77
Upside Intraday Target	2991.77

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	2961.30	2981.45	3088.00	2926.00	0.161 times
09 Fri Aug 2024	2981.45	2905.00	3087.00	2855.00	0.593 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

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
12 Mon Aug 2024	2961.30	3246.70	3299.00	2855.00	0.126 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 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 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 to mid 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 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 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 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 3064.92 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.