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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 2024-09-19 View latest technical analysis

10 day averaged volume of Eimco Elecon is 4470

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2763.40	2879.00	2879.00	2700.00	0.829 times
18 Wed Sep 2024	2812.75	2888.80	2949.90	2800.00	0.777 times
17 Tue Sep 2024	2827.00	2887.00	2887.00	2800.00	0.922 times
16 Mon Sep 2024	2879.20	2949.00	2984.90	2840.20	0.653 times
13 Fri Sep 2024	2929.10	2998.00	2998.00	2903.00	0.378 times
12 Thu Sep 2024	2916.35	2985.00	2988.80	2900.00	0.411 times
11 Wed Sep 2024	2916.30	2950.00	3038.00	2900.00	0.59 times
10 Tue Sep 2024	2949.05	2999.90	3034.90	2940.00	3.44 times
09 Mon Sep 2024	2946.30	3100.00	3100.00	2925.00	0.852 times
06 Fri Sep 2024	3056.80	3103.55	3189.00	3025.25	0.889 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 2747.7 as stoploss in an intra day buy trade for a target of 2896.49. However, stock will show a bearish move below 2747.7.

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
Upside Target	2900.00
Upside Target	3020.00
Upside Target	3088.00
Upside Target	3100.00
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	2647.3
Downside Intraday Target	2531.2
Upside Intraday Target	2932.2
Upside Intraday Target	3101
Upside Intraday Target	2816.1

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	2763.40	2949.00	2984.90	2700.00	0.561 times
13 Fri Sep 2024	2929.10	3100.00	3100.00	2900.00	0.696 times
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

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
19 Thu Sep 2024	2763.40	3099.05	3249.90	2700.00	0.84 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Eimco Elecon stock for short term is SELL. 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 red color and prices are below the red 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 2911.6 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.