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(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 253934

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 601.50 583.75 605.00 578.15 2.028 times
27 Wed Mar 2024 579.40 581.50 589.50 576.55 0.959 times
26 Tue Mar 2024 580.45 593.00 593.00 578.05 0.962 times
22 Fri Mar 2024 589.55 594.50 601.20 584.00 1.375 times
21 Thu Mar 2024 596.90 599.95 617.40 594.20 0.784 times
20 Wed Mar 2024 597.40 629.85 630.00 594.00 1.093 times
19 Tue Mar 2024 629.40 627.00 633.55 626.55 0.376 times
18 Mon Mar 2024 628.05 630.00 636.95 622.55 0.304 times
15 Fri Mar 2024 634.00 632.85 652.25 618.80 1.673 times
14 Thu Mar 2024 630.70 621.30 642.30 609.00 0.942 times

Stock of Elgi Equipments (ELGIEQUIP) 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 599.2 as stoploss in an intra day buy trade for a target of 640.51. However, stock will show a bearish move below 599.2.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Target 497.00
Downside Target 524.00
Downside Target 540.90
Downside Target 554.00
Downside Target 576.55
Upside Target 602.95
Upside Target 636.95
Upside Target 672.00
Upside Target 701.00
Upside Target 703.95
Upside Target 713.45
Upside Target 714.20

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Intraday Target 583.7
Downside Intraday Target 565.9
Upside Intraday Target 612.15
Upside Intraday Target 622.8
Downside Intraday Target 594.35

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 601.50 593.00 605.00 576.55 1.004 times
22 Fri Mar 2024 589.55 630.00 636.95 584.00 0.531 times
15 Fri Mar 2024 634.00 702.50 713.45 602.95 1.224 times
07 Thu Mar 2024 699.70 689.85 714.20 672.00 0.579 times
02 Sat Mar 2024 687.35 634.00 701.00 615.55 1.378 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 Elgi Equipments (ELGIEQUIP)

Date Monthly Closing Price Open High Low Volume
28 Thu Mar 2024 601.50 653.45 714.20 576.55 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
29 Fri Dec 2023 544.55 535.00 554.00 503.10 1.04 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 Elgi Equipments (ELGIEQUIP)

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Equipments stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

Elgi Equipments 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 buy signal for Elgi Equipments in short term but BUY signal is weak.

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

Stock of Elgi Equipments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 604.79 and Elgi Equipments (ELGIEQUIP) 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 Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.

Elgi Equipments 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.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) 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 Elgi Equipments ( (ELGIEQUIP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Equipments stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

Elgi Equipments 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 buy signal for Elgi Equipments in short term but BUY signal is weak.

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

Stock of Elgi Equipments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 604.79 and Elgi Equipments (ELGIEQUIP) 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 Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.

Elgi Equipments 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.

Click here for Elgi Equipments charts

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Daily charts

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