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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 2024-09-06 View latest technical analysis

10 day averaged volume of Eimco Elecon is 8156

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	3056.80	3103.55	3189.00	3025.25	0.487 times
05 Thu Sep 2024	3103.55	3111.95	3194.00	3050.00	0.597 times
04 Wed Sep 2024	3113.35	3080.00	3170.00	3020.00	0.895 times
03 Tue Sep 2024	3172.15	3249.90	3249.90	3101.00	1.589 times
02 Mon Sep 2024	3099.05	3099.05	3099.05	3098.00	0.897 times
23 Fri Aug 2024	2783.45	2655.00	2783.45	2655.00	2.124 times
22 Thu Aug 2024	2650.95	2679.85	2688.90	2600.05	0.537 times
21 Wed Aug 2024	2694.65	2718.00	2753.45	2591.00	0.829 times
20 Tue Aug 2024	2722.10	2939.95	2949.95	2722.10	0.746 times
19 Mon Aug 2024	2865.35	2748.90	2865.35	2748.90	0.533 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 3083.2 as stoploss in an intra day sell trade for a target of 2931.82. However, stock will show a bullish move above 3083.2.

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	3020.00
Upside Target	3087.00
Upside Target	3249.90
Upside Target	3299.00
Upside Target	3499.00

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	2967.9
Downside Intraday Target	2879
Upside Intraday Target	3197.8
Upside Intraday Target	3338.8
Upside Intraday Target	3108.9

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	3056.80	3099.05	3249.90	3020.00	0.936 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
06 Fri Sep 2024	3056.80	3099.05	3249.90	3020.00	0.402 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 losing momentum.

MACD generated a BUY signal for Eimco Elecon in short term and the buy signal is strong.

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

Eimco Elecon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Eimco Elecon in short term but SELL signal is weak.

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

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 2932.15 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.