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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 2024-08-22 View latest technical analysis

10 day averaged volume of Eimco Elecon is 4606

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2650.95	2679.85	2688.90	2600.05	0.95 times
21 Wed Aug 2024	2694.65	2718.00	2753.45	2591.00	1.468 times
20 Tue Aug 2024	2722.10	2939.95	2949.95	2722.10	1.322 times
19 Mon Aug 2024	2865.35	2748.90	2865.35	2748.90	0.944 times
16 Fri Aug 2024	2728.95	2824.50	2874.90	2683.30	2.219 times
14 Wed Aug 2024	2824.50	3000.00	3000.00	2824.50	1.259 times
13 Tue Aug 2024	2973.15	3049.95	3049.95	2926.30	0.412 times
12 Mon Aug 2024	2961.30	2981.45	3088.00	2926.00	0.659 times
09 Fri Aug 2024	2981.45	3087.00	3087.00	2911.05	0.441 times
08 Thu Aug 2024	3023.15	3049.80	3080.00	2948.00	0.642 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2784.7, but if it comes above 2784.7, then a intra day buy could be more profitable.
If you take a sell trade below 2784.7, then use 2784.7 as stoploss and 2538.2 as target. However if you take a buy trade in stock , then use 2784.7 as stoploss and 2990.08 as target.

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	2591.00
Upside Target	2683.30
Upside 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	2511.32
Downside Intraday Target	2371.68
Upside Intraday Target	2870.27
Upside Intraday Target	3089.58
Upside Intraday Target	2730.63

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2650.95	2748.90	2949.95	2591.00	1.03 times
16 Fri Aug 2024	2728.95	2981.45	3088.00	2683.30	1.113 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

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
22 Thu Aug 2024	2650.95	3246.70	3299.00	2591.00	0.274 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 to mid 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 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 SELL. 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 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 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 2793.85 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.