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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 2024-03-02 View latest technical analysis

10 day averaged volume of Elgi Equipments is 452636

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	687.35	687.00	701.00	685.00	0.126 times
01 Fri Mar 2024	680.60	653.45	696.45	653.30	4.177 times
29 Thu Feb 2024	652.05	631.70	655.50	615.55	0.784 times
28 Wed Feb 2024	631.30	633.85	639.00	625.95	0.209 times
27 Tue Feb 2024	631.95	622.95	635.20	617.05	0.383 times
26 Mon Feb 2024	621.90	634.00	635.65	620.20	0.188 times
23 Fri Feb 2024	632.45	634.15	637.00	624.10	0.211 times
22 Thu Feb 2024	629.10	649.50	651.00	622.50	0.674 times
21 Wed Feb 2024	646.70	631.60	669.80	631.60	1.25 times
20 Tue Feb 2024	630.25	632.40	674.00	626.00	1.946 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 670.7, but if it comes below 670.7, then a intra day sell could be more profitable.
If you take a sell trade below 670.7, then use 670.7 as stoploss and 647.59 as target. However if you take a buy trade in stock , then use 670.7 as stoploss and 698.3 as target.

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	580.45
Downside Target	606.60
Downside Target	653.30
Downside Target	674.00
Upside Target	699.00
Upside Target	701.00
Upside Target	703.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	634.93
Downside Intraday Target	582.52
Upside Intraday Target	720.38
Upside Intraday Target	753.42
Downside Intraday Target	667.97

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	687.35	634.00	701.00	615.55	1.378 times
23 Fri Feb 2024	632.45	645.65	674.00	622.50	0.363 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

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
02 Sat Mar 2024	687.35	653.45	701.00	653.30	0.159 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 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 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 655.8 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 positive

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