(ELGIEQUIP) Elgi Equipments complete technical analysis [charts+indicators] | Buy/Sell Elgi Equipments | (ELGIEQUIP) share price targets
Complete technical analysis of Elgi Equipments (ELGIEQUIP) by charts plus indicators, forecast predictions and share price targets for Elgi Equipments (ELGIEQUIP)
Elgi Equipments trades in NSE in Industrial Machinery sector.
10 day averaged volume of Elgi Equipments is 244554
Date | Daily Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 650.45 | 634.00 | 654.70 | 629.50 | 1.858 times |
25 Thu Apr 2024 | 627.95 | 613.00 | 630.00 | 606.05 | 0.705 times |
24 Wed Apr 2024 | 617.35 | 630.00 | 633.20 | 614.60 | 0.929 times |
23 Tue Apr 2024 | 627.90 | 625.00 | 630.70 | 611.05 | 1.151 times |
22 Mon Apr 2024 | 613.50 | 625.25 | 633.00 | 610.05 | 0.702 times |
19 Fri Apr 2024 | 623.55 | 624.05 | 633.50 | 613.00 | 0.36 times |
18 Thu Apr 2024 | 625.95 | 626.00 | 641.95 | 622.35 | 0.582 times |
16 Tue Apr 2024 | 621.70 | 635.00 | 642.00 | 615.50 | 0.856 times |
15 Mon Apr 2024 | 629.95 | 627.00 | 635.50 | 604.60 | 1.218 times |
12 Fri Apr 2024 | 640.45 | 631.50 | 666.00 | 631.00 | 2.888 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 641.1, but if it comes below 641.1, then a intra day sell could be more profitable.
If you take a sell trade below 641.1, then use 641.1 as stoploss and 620.61 as target. However if you take a buy trade in stock , then use 641.1 as stoploss and 665.7 as target.
Share price targets for Elgi Equipments (ELGIEQUIP)
Target Type | Value |
Downside Target | 503.10 |
Downside Target | 524.00 |
Downside Target | 554.00 |
Downside Target | 576.55 |
Downside Target | 604.60 |
Downside Target | 642.00 |
Upside Target | 654.70 |
Upside Target | 666.00 |
Upside Target | 669.00 |
Upside Target | 703.95 |
Upside Target | 714.20 |
Intraday share price targets for Elgi Equipments (ELGIEQUIP)
Target Type | Value |
Downside Intraday Target | 619.43 |
Downside Intraday Target | 588.42 |
Upside Intraday Target | 668.08 |
Upside Intraday Target | 685.72 |
Downside Intraday Target | 637.07 |
Weekly technical analysis of Elgi Equipments (ELGIEQUIP)
Date | Weekly Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 650.45 | 625.25 | 654.70 | 606.05 | 1.773 times |
19 Fri Apr 2024 | 623.55 | 627.00 | 642.00 | 604.60 | 0.56 times |
12 Fri Apr 2024 | 640.45 | 648.90 | 666.00 | 616.10 | 0.2 times |
05 Fri Apr 2024 | 647.65 | 609.90 | 669.00 | 584.70 | 6.574 times |
28 Thu Mar 2024 | 601.70 | 593.00 | 605.00 | 576.55 | 1.004 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Elgi Equipments (ELGIEQUIP)
Date | Monthly Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 650.45 | 609.90 | 669.00 | 584.70 | 1.351 times |
28 Thu Mar 2024 | 601.70 | 653.45 | 714.20 | 576.55 | 0.601 times |
29 Thu Feb 2024 | 652.05 | 611.80 | 703.95 | 582.30 | 1.716 times |
31 Wed Jan 2024 | 614.90 | 547.25 | 617.00 | 524.00 | 1.297 times |
Scroll below to view daily charts
Price has moved up 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 Elgi Equipments (ELGIEQUIP)
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Elgi Equipments 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.
Elgi Equipments Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Elgi Equipments in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Equipments is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 632.59 and Elgi Equipments (ELGIEQUIP) 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 Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.
Elgi Equipments Stock is giving positive 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.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a BUY signal for Elgi Equipments 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.
Elgi Equipments Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Elgi Equipments in short term and BUY signal is strong.
RSI is generating a BUY signal in short term and the buying is gaining momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Equipments is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 632.59 and Elgi Equipments (ELGIEQUIP) 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 Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.
Elgi Equipments Stock is giving positive 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.
Click here for Elgi Equipments charts
Click here for further forecast and predictions for tomorrow
Daily charts
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