EIMCOELECO_BE NEWS why is Eimco Elecon (india) Ltd price falling or rising

EIMCOELECO_BE NEWS reasons for why stock price of Eimco Elecon (india) Ltd is falling or rising

EIMCOELECO_BE Eimco Elecon is falling or rising technical reasons

Technical analysis forecast of Eimco Elecon Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Eimco Elecon EIMCOELECO_BE at this time. Stock is rising and might rise more.

It appears as if Eimco Elecon EIMCOELECO_BE gave a large move recently.

Stock of Eimco Elecon (EIMCOELECO_BE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Eimco Elecon is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Eimco Elecon stays above 2156.3, but if it comes below 2156.3, then a intra day sell could be more profitable.
If you take a sell trade below 2156.3, then use 2156.3 as stoploss and 1826.55 as target. However if you take a buy trade in Eimco Elecon, then use 2156.3 as stoploss and 2552 as target.

EIMCOELECO_BE Eimco Elecon is falling or rising NEWS fundamental reasons

More announcements and NEWS

EIMCOELECO_BE Eimco Elecon (india) Ltd current price & indicator signals

Moving Averages for Eimco Elecon (india) Ltd

  • 5Day Average: 2153.91
  • 12Day Average: 1950.63
  • 20Day Average: 1710.09
  • 50Day Average: 1593.75
  • 100Day Average: 1413.97

EIMCOELECO_BE Indicators & signals

Indicator MACD (12,26,9)

1959.15, 1765.9, 123.56
Indicator MACD is in positive zone

Indicator ADX (14)

60.19, 43.89, 10.91
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EIMCOELECO_BE Eimco Elecon (india) Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 2314.35 2250.00 to 2314.35 5% 1.28 times
25 Thu Apr 2024 2204.15 2050.00 to 2204.15 5% 1.42 times
24 Wed Apr 2024 2099.20 2020.25 to 2173.00 -1.29% 1.96 times
23 Tue Apr 2024 2126.55 2025.30 to 2126.55 5% 2.01 times
22 Mon Apr 2024 2025.30 2025.30 to 2025.30 5% 0.8 times
19 Fri Apr 2024 1928.90 1925.00 to 1928.90 5% 1.4 times
18 Thu Apr 2024 1837.05 1711.05 to 1837.05 5% 0.76 times
16 Tue Apr 2024 1749.60 1651.10 to 1788.95 1.27% 0.85 times
15 Mon Apr 2024 1727.65 1699.45 to 1750.00 -3.42% 0.43 times
12 Fri Apr 2024 1788.90 1765.00 to 1830.00 -1.15% 0.09 times
10 Wed Apr 2024 1809.65 1719.00 to 1843.00 0.75% 0.28 times
09 Tue Apr 2024 1796.25 1735.00 to 1860.00 36.59% 0.41 times

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EIMCOELECO_BE NEWS why is Eimco Elecon (india) Ltd price falling or rising

 

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