Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-25 View latest technical analysis

10 day averaged volume of Eimco Elecon is 3588

Date	Daily Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	2702.70	2759.90	2848.80	2700.00	1.362 times
24 Tue Sep 2024	2732.50	2775.00	2814.00	2706.55	1.503 times
23 Mon Sep 2024	2775.10	2788.80	2830.00	2751.00	1.123 times
20 Fri Sep 2024	2749.60	2763.40	2830.00	2701.00	1.694 times
19 Thu Sep 2024	2763.40	2879.00	2879.00	2700.00	1.032 times
18 Wed Sep 2024	2812.75	2888.80	2949.90	2800.00	0.968 times
17 Tue Sep 2024	2827.00	2887.00	2887.00	2800.00	1.149 times
16 Mon Sep 2024	2879.20	2949.00	2984.90	2840.20	0.813 times
13 Fri Sep 2024	2929.10	2998.00	2998.00	2903.00	0.471 times
12 Thu Sep 2024	2916.35	2985.00	2988.80	2900.00	0.512 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2745.1, but if it comes above 2745.1, then a intra day buy could be more profitable.
If you take a sell trade below 2745.1, then use 2745.1 as stoploss and 2566.4 as target. However if you take a buy trade in stock , then use 2745.1 as stoploss and 2893.93 as target.

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	2700.00
Upside Target	2848.80
Upside Target	2984.90
Upside Target	3020.00
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	2652.2
Downside Intraday Target	2601.7
Upside Intraday Target	2801
Upside Intraday Target	2899.3
Upside Intraday Target	2750.5

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Wed Sep 2024	2702.70	2788.80	2848.80	2700.00	0.705 times
20 Fri Sep 2024	2749.60	2949.00	2984.90	2700.00	0.801 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

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
25 Wed Sep 2024	2702.70	3099.05	3249.90	2700.00	1.065 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Eimco Elecon stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 2785.23 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.