EML NEWS why is Eastern Company (the) price falling or rising

EML NEWS reasons for why stock price of Eastern Company (the) is falling or rising

EML Eastern Company is falling or rising technical reasons

Technical analysis forecast for Eastern Company Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Eastern Company EML at this time. Stock is falling and might fall more.

It appears as if Eastern Company EML gave a large move recently.

Stock of Eastern Company (EML) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Eastern Company is bearish for shortterm, and stock might move down till 27.4 or till 25.7. Use a stoploss of 28.86 and if the stock hits stoploss, then it can shoot up till 30.28

EML Eastern Company is falling or rising NEWS fundamental reasons

BEML gets contract worth Rs 3,658 crore from Chennai Metro PSU BEML, previously Bharat Earth Movers Limited, has secured a Rs 2,501 crore contract from Chennai Metro Rail Limited. The project involves the design, manufacture, supply, testing, commissioning, personnel training, and 15 years of comprehensive mainten - NEWS as on 2024-11-28 indiatimes.com

BEML gets Rs 246.78 crore truck supply order from Central Coalfields BEML has received a significant order worth Rs 246.78 crore from Central Coalfields Ltd (CCL) for the supply of 48 BH60M rear dump trucks. These trucks, equipped with advanced safety features, will be used in CCL's mining operations, supporting India's gro - NEWS as on 2024-11-21 indiatimes.com

More announcements and NEWS

EML Eastern Company (the) current price & indicator signals

Moving Averages for Eastern Company (the)

  • 5Day Average: 28.34
  • 12Day Average: 27.86
  • 20Day Average: 28.72
  • 50Day Average: 30.81
  • 100Day Average: 30.08
  • 150Day Average: 29.2
  • 200Day Average: 29.17

EML Indicators & signals

Indicator MACD (12,26,9)

28.39, 29.17, -0.91
Indicator MACD is in negative zone

Indicator ADX (14)

16.67, 23.14, 16.53
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of EML Eastern Company (the) are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Tue Nov 2024 28.43 27.97 to 28.85 0% 0.98 times
26 Tue Nov 2024 28.43 27.97 to 28.85 1.1% 0.98 times
25 Mon Nov 2024 28.12 28.11 to 29.19 -1.47% 1.21 times
22 Fri Nov 2024 28.54 28.00 to 28.94 1.24% 0.84 times
21 Thu Nov 2024 28.19 28.11 to 28.83 -0.07% 1.01 times
20 Wed Nov 2024 28.21 26.92 to 28.44 3.14% 0.91 times
19 Tue Nov 2024 27.35 26.75 to 27.78 -0.55% 1.13 times
18 Mon Nov 2024 27.50 26.99 to 27.98 0% 1.61 times
15 Fri Nov 2024 27.50 27.50 to 28.50 -2.69% 0.72 times
14 Thu Nov 2024 28.26 27.20 to 28.72 4.43% 0.86 times
13 Wed Nov 2024 27.06 26.55 to 27.43 1.12% 0.73 times
12 Tue Nov 2024 26.76 26.58 to 27.24 -1.8% 1.52 times

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EML NEWS why is Eastern Company (the) price falling or rising

 

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