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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 2024-09-02 View latest technical analysis

10 day averaged volume of Eimco Elecon is 6188

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	3099.05	3099.05	3099.05	3098.00	1.182 times
23 Fri Aug 2024	2783.45	2655.00	2783.45	2655.00	2.8 times
22 Thu Aug 2024	2650.95	2679.85	2688.90	2600.05	0.707 times
21 Wed Aug 2024	2694.65	2718.00	2753.45	2591.00	1.093 times
20 Tue Aug 2024	2722.10	2939.95	2949.95	2722.10	0.984 times
19 Mon Aug 2024	2865.35	2748.90	2865.35	2748.90	0.702 times
16 Fri Aug 2024	2728.95	2824.50	2874.90	2683.30	1.652 times
14 Wed Aug 2024	2824.50	3000.00	3000.00	2824.50	0.937 times
13 Tue Aug 2024	2973.15	3049.95	3049.95	2926.30	0.307 times
12 Mon Aug 2024	2961.30	2981.45	3088.00	2926.00	0.491 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3137.7 as stoploss in an intra day sell trade for a target of 2954.41. However, stock will show a bullish move above 3137.7.

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1801.30
Downside Target	2205.00
Downside Target	2296.00
Downside Target	2591.00
Downside Target	2683.30
Downside Target	2855.00
Downside Target	2949.95
Downside Target	3025.00
Downside Target	3087.00
Downside Target	3099.05
Upside Target	3299.00
Upside Target	3499.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	3098.35
Downside Intraday Target	3097.65
Upside Intraday Target	3099.4
Upside Intraday Target	3099.75
Downside Intraday Target	3098.7

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	3099.05	3099.05	3099.05	3098.00	0.188 times
23 Fri Aug 2024	2783.45	2748.90	2949.95	2591.00	1.857 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

Price has moved up 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 Mon Sep 2024	3099.05	3099.05	3099.05	3098.00	0.081 times
23 Fri Aug 2024	2783.45	3246.70	3299.00	2591.00	0.339 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

Scroll below to view daily charts

Price has moved up 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 stronger in this stock.

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 and BUY 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 2808.62 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.