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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.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Elgi Equipments is 971421

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	646.70	631.60	669.80	631.60	0.583 times
20 Tue Feb 2024	630.25	632.40	674.00	626.00	0.907 times
19 Mon Feb 2024	631.75	645.65	645.70	630.80	0.083 times
16 Fri Feb 2024	640.55	649.90	661.35	636.50	0.278 times
15 Thu Feb 2024	647.75	660.00	667.00	642.15	0.306 times
14 Wed Feb 2024	668.15	613.00	683.50	612.00	3.845 times
13 Tue Feb 2024	613.25	664.00	664.00	606.60	0.779 times
12 Mon Feb 2024	679.40	679.80	699.00	667.05	0.257 times
09 Fri Feb 2024	679.80	678.05	685.45	661.15	0.65 times
08 Thu Feb 2024	680.40	656.00	703.95	654.15	1.23 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 660.2 as stoploss in an intra day sell trade for a target of 628.69. However, stock will show a bullish move above 660.2.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	466.80
Downside Target	497.00
Downside Target	517.00
Downside Target	554.00
Downside Target	580.45
Downside Target	606.60
Downside Target	617.00
Downside Target	619.90
Downside Target	626.00
Upside Target	674.00
Upside Target	699.00
Upside Target	703.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	623.8
Downside Intraday Target	600.9
Upside Intraday Target	671.8
Upside Intraday Target	696.9
Upside Intraday Target	648.9

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	646.70	645.65	674.00	626.00	0.288 times
16 Fri Feb 2024	640.55	679.80	699.00	606.60	1.345 times
09 Fri Feb 2024	679.80	606.60	703.95	582.30	1.787 times
02 Fri Feb 2024	606.60	584.00	619.90	580.45	0.737 times
25 Thu Jan 2024	580.55	543.75	587.50	532.20	3.647 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
21 Wed Feb 2024	646.70	611.80	703.95	582.30	1.561 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
30 Thu Nov 2023	531.15	505.35	540.90	497.00	1.103 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 659.06 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.