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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 2024-10-01 View latest technical analysis

10 day averaged volume of Eimco Elecon is 4234

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2981.65	2895.00	2981.65	2839.70	1.536 times
30 Mon Sep 2024	2839.70	2811.00	2850.00	2770.00	1.177 times
27 Fri Sep 2024	2769.40	2686.00	2787.95	2686.00	0.557 times
26 Thu Sep 2024	2687.65	2730.00	2773.95	2665.55	0.782 times
25 Wed Sep 2024	2702.70	2759.90	2848.80	2700.00	1.154 times
24 Tue Sep 2024	2732.50	2775.00	2814.00	2706.55	1.274 times
23 Mon Sep 2024	2775.10	2788.80	2830.00	2751.00	0.952 times
20 Fri Sep 2024	2749.60	2763.40	2830.00	2701.00	1.436 times
19 Thu Sep 2024	2763.40	2879.00	2879.00	2700.00	0.875 times
18 Wed Sep 2024	2812.75	2888.80	2949.90	2800.00	0.82 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 2997.5 as stoploss in an intra day sell trade for a target of 2872.57. However, stock will show a bullish move above 2997.5.

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1801.30
Downside Target	2205.00
Downside Target	2308.90
Downside Target	2591.00
Downside Target	2665.55
Downside Target	2770.00
Downside Target	2839.70
Downside Target	2981.65
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	2840.55
Downside Intraday Target	2699.45
Upside Intraday Target	3052.2
Upside Intraday Target	3122.75
Downside Intraday Target	2911.1

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	2981.65	2811.00	2981.65	2770.00	0.575 times
27 Fri Sep 2024	2769.40	2788.80	2848.80	2665.55	0.985 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

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
01 Tue Oct 2024	2981.65	2895.00	2981.65	2839.70	0.061 times
30 Mon Sep 2024	2839.70	3099.05	3249.90	2665.55	1.183 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Eimco Elecon in short term but the buy 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 red color and prices are in or above the red 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 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 2790.99 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.