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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 2023-03-29 View latest technical analysis

10 day averaged volume of Eimco Elecon is 620

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	338.55	336.85	344.45	333.10	0.723 times
28 Tue Mar 2023	337.15	340.00	340.10	336.55	0.261 times
27 Mon Mar 2023	339.05	339.85	351.00	335.05	2.992 times
24 Fri Mar 2023	347.10	347.95	349.75	340.75	0.31 times
23 Thu Mar 2023	347.10	354.60	354.65	345.85	0.118 times
22 Wed Mar 2023	348.25	341.50	352.00	341.50	4.265 times
21 Tue Mar 2023	347.95	351.05	351.05	345.85	0.389 times
20 Mon Mar 2023	350.90	348.40	352.25	345.65	0.219 times
17 Fri Mar 2023	345.10	348.50	350.45	343.40	0.027 times
16 Thu Mar 2023	343.95	351.15	353.40	340.00	0.953 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 342.8, but if it comes above 342.8, then a intra day buy could be more profitable.
If you take a sell trade below 342.8, then use 342.8 as stoploss and 330.5 as target. However if you take a buy trade in stock , then use 342.8 as stoploss and 353.09 as target.

Share price targets for Eimco Elecon (EimcoElecon)

Target Type	Value
Downside Target	333.10
Upside Target	340.00
Upside Target	351.00
Upside Target	374.00
Upside Target	383.00
Upside Target	386.00
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	330.77
Downside Intraday Target	322.98
Upside Intraday Target	348.67
Upside Intraday Target	358.78
Upside Intraday Target	340.88

Weekly technical analysis of Eimco Elecon (EimcoElecon)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	338.55	339.85	351.00	333.10	0.75 times
24 Fri Mar 2023	347.10	348.40	354.65	340.75	1.118 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

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
29 Wed Mar 2023	338.55	383.00	386.00	333.10	0.903 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 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.

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 moving up

CCI has generated a buy signal for Eimco Elecon in short term but BUY 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 344.19 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.