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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)

10 day averaged volume of Eimco Elecon is 19973

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	2079.60	2030.00	2125.00	2030.00	0.189 times
07 Tue May 2024	2069.75	2135.75	2180.00	2034.00	0.242 times
06 Mon May 2024	2135.75	2100.00	2184.85	2021.25	0.293 times
03 Fri May 2024	2127.60	2296.00	2296.00	2100.00	0.327 times
26 Fri Apr 2024	2314.35	2285.50	2314.35	2250.00	1.215 times
25 Thu Apr 2024	2204.15	2070.00	2204.15	2050.00	1.346 times
24 Wed Apr 2024	2099.20	2150.00	2173.00	2020.25	1.857 times
23 Tue Apr 2024	2126.55	2126.55	2126.55	2025.30	1.909 times
22 Mon Apr 2024	2025.30	2025.30	2025.30	2025.30	0.762 times
19 Fri Apr 2024	1928.90	1928.90	1928.90	1925.00	1.326 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 2165.6 as stoploss in an intra day sell trade for a target of 1855.55. However, stock will show a bullish move above 2165.6.

Share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Target	1268.50
Downside Target	1295.00
Downside Target	1332.10
Downside Target	1570.00
Downside Target	1651.10
Downside Target	1700.00
Downside Target	1860.00
Downside Target	1928.90
Downside Target	2020.25
Upside Target	2100.00
Upside Target	2184.85
Upside Target	2296.00
Upside Target	2314.35

Intraday share price targets for Eimco Elecon (EIMCOELECO_BE)

Target Type	Value
Downside Intraday Target	2005.62
Downside Intraday Target	1931.63
Upside Intraday Target	2169.22
Upside Intraday Target	2258.83
Upside Intraday Target	2095.23

Weekly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2079.60	2100.00	2184.85	2021.25	2.214 times
03 Fri May 2024	2127.60	2296.00	2296.00	2100.00	0.046 times
26 Fri Apr 2024	2314.35	2025.30	2314.35	2020.25	2.177 times
19 Fri Apr 2024	1928.90	1701.05	1928.90	1651.10	4.408 times
12 Fri Apr 2024	1788.90	1826.30	1860.00	1719.00	0.297 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Eimco Elecon (EIMCOELECO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2079.60	2296.00	2296.00	2021.25	0.095 times
26 Fri Apr 2024	2314.35	1826.30	2314.35	1651.10	14.311 times
01 Fri Mar 2024	1315.10	1303.00	1341.25	1295.00	0.131 times
29 Thu Feb 2024	1300.20	1433.55	1570.00	1268.50	1.046 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 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 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 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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2118.42 and Eimco Elecon (EIMCOELECO_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.