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(EimcoElecon) Eimco Elecon complete technical analysis [charts+indicators] | Buy/Sell Eimco Elecon | (EimcoElecon) share price targets

Complete technical analysis of Eimco Elecon (EimcoElecon) by charts plus indicators, forecast predictions and share price targets for Eimco Elecon (EimcoElecon)

10 day averaged volume of Eimco Elecon is 2235

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 2245.55 2414.00 2414.00 2244.60 2.175 times
29 Mon Apr 2024 2362.70 2379.20 2379.20 2323.00 1.795 times
26 Fri Apr 2024 2265.95 2254.00 2265.95 2225.00 0.191 times
25 Thu Apr 2024 2158.05 2055.30 2158.05 1995.00 0.195 times
24 Wed Apr 2024 2055.30 2193.00 2193.00 2014.95 1.789 times

Stock of Eimco Elecon (EimcoElecon) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2129.3, but if it comes below 2129.3, then a intra day sell could be more profitable.
If you take a sell trade below 2129.3, then use 2129.3 as stoploss and 1913.01 as target. However if you take a buy trade in stock , then use 2129.3 as stoploss and 2388.9 as target.

Share price targets for Eimco Elecon (EimcoElecon)

Target Type Value
Downside Target 1280.00
Downside Target 1370.15
Downside Target 1538.60
Downside Target 1574.00
Downside Target 1635.00
Downside Target 1700.00
Downside Target 1871.00
Downside Target 1923.85
Downside Target 1995.00
Downside Target 2244.60
Upside Target 2265.95
Upside Target 2414.00

Intraday share price targets for Eimco Elecon (EimcoElecon)

Target Type Value
Downside Intraday Target 2188.77
Downside Intraday Target 2131.98
Upside Intraday Target 2358.17
Upside Intraday Target 2470.78
Upside Intraday Target 2301.38

Weekly technical analysis of Eimco Elecon (EimcoElecon)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 2245.55 2379.20 2414.00 2244.60 0.987 times
26 Fri Apr 2024 2265.95 2020.00 2265.95 1995.00 1.456 times
19 Fri Apr 2024 1923.85 1760.00 1923.85 1635.00 1.82 times
12 Fri Apr 2024 1757.90 1883.55 1899.00 1732.05 0.121 times
05 Fri Apr 2024 1846.55 1557.90 1895.00 1538.60 15.237 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 (EimcoElecon)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 2245.55 1557.90 2414.00 1538.60 3.859 times
28 Thu Mar 2024 1522.10 1337.80 1580.50 1301.20 0.766 times
29 Thu Feb 2024 1302.40 1439.95 1574.00 1280.00 0.931 times
31 Wed Jan 2024 1418.60 1576.25 1700.00 1370.15 0.717 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Eimco Elecon (EimcoElecon)

Indicator Name Indicator Value Indicator Signal
ADX 41, 14, 48 Buy
MACD 325, 268Buy
Stochastics 92Buy
CCI 97Sell
RSI 65Buy
OBV 27862Sell
VWAP 2123Buy
ADL 0Sell
ROC 31Buy
Force Index 0Sell

Price action analysis of Eimco Elecon ( (EimcoElecon) ) 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 ( (EimcoElecon) ) 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 ( (EimcoElecon) ) 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 ( (EimcoElecon) ) 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 red color and prices are in or above the red 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 but buying is losing 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 2123.03 and Eimco Elecon (EimcoElecon) 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 (EimcoElecon) stock. Volume based technical analysis of Eimco Elecon (EimcoElecon) 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.

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