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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)

Showing technical analysis as on 2023-03-22 View latest technical analysis

10 day averaged volume of Eimco Elecon is 536

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	348.25	341.50	352.00	341.50	4.933 times
21 Tue Mar 2023	347.95	351.05	351.05	345.85	0.45 times
20 Mon Mar 2023	350.90	348.40	352.25	345.65	0.254 times
17 Fri Mar 2023	345.10	348.50	350.45	343.40	0.032 times
16 Thu Mar 2023	343.95	351.15	353.40	340.00	1.103 times
15 Wed Mar 2023	350.05	358.30	358.50	341.95	0.534 times
14 Tue Mar 2023	352.55	357.95	365.95	352.50	0.239 times
13 Mon Mar 2023	354.80	360.15	360.15	350.20	3.578 times
10 Fri Mar 2023	363.40	363.50	363.50	363.35	0.013 times
09 Thu Mar 2023	365.10	384.95	386.00	358.70	0.586 times

Stock of Eimco Elecon (EimcoElecon) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 350.3, but if it comes above 350.3, then a intra day buy could be more profitable.
If you take a sell trade below 350.3, then use 350.3 as stoploss and 340.2 as target. However if you take a buy trade in stock , then use 350.3 as stoploss and 358.76 as target.

Share price targets for Eimco Elecon (EimcoElecon)

Target Type	Value
Downside Target	340.00
Upside Target	351.25
Upside Target	374.00
Upside Target	383.00
Upside Target	386.00
Upside Target	394.80
Upside Target	400.00
Upside Target	462.35
Upside Target	464.00

Intraday share price targets for Eimco Elecon (EimcoElecon)

Target Type	Value
Downside Intraday Target	342.42
Downside Intraday Target	336.58
Upside Intraday Target	353.17
Upside Intraday Target	358.08
Downside Intraday Target	347.33

Weekly technical analysis of Eimco Elecon (EimcoElecon)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	348.25	348.40	352.25	341.50	1.028 times
17 Fri Mar 2023	345.10	360.15	365.95	340.00	0.958 times
10 Fri Mar 2023	363.40	369.30	386.00	358.70	0.97 times
03 Fri Mar 2023	368.90	357.95	383.00	356.45	0.682 times
24 Fri Feb 2023	365.35	388.90	394.80	358.80	1.366 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 (EimcoElecon)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Wed Mar 2023	348.25	383.00	386.00	340.00	0.733 times
28 Tue Feb 2023	361.30	394.75	400.00	351.25	0.832 times
31 Tue Jan 2023	387.65	393.85	464.00	374.00	0.721 times
30 Fri Dec 2022	393.55	445.00	462.35	364.55	0.272 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 (EimcoElecon)

Price action analysis of Eimco Elecon ( (EimcoElecon) ) based on a short 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.

Price action analysis of Eimco Elecon ( (EimcoElecon) ) 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 ( (EimcoElecon) ) 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 ( (EimcoElecon) ) 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.

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 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 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

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 350.91 and Eimco Elecon (EimcoElecon) 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 (EimcoElecon) stock. Volume based technical analysis of Eimco Elecon (EimcoElecon) 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.