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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 2024-03-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 383302

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	703.05	672.00	713.90	672.00	2.297 times
04 Mon Mar 2024	681.35	689.85	691.95	676.75	0.55 times
02 Sat Mar 2024	687.35	687.00	701.00	685.00	0.149 times
01 Fri Mar 2024	680.60	653.45	696.45	653.30	4.933 times
29 Thu Feb 2024	652.05	631.70	655.50	615.55	0.926 times
28 Wed Feb 2024	631.30	633.85	639.00	625.95	0.247 times
27 Tue Feb 2024	631.95	622.95	635.20	617.05	0.452 times
26 Mon Feb 2024	621.90	634.00	635.65	620.20	0.222 times
23 Fri Feb 2024	632.45	634.15	637.00	624.10	0.249 times
22 Thu Feb 2024	629.10	649.50	651.00	622.50	0.796 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 710.2, for a target of 679.2 or 653.46

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	582.30
Downside Target	606.60
Downside Target	653.30
Downside Target	672.00
Downside Target	699.00
Downside Target	701.00
Upside Target	703.95
Upside Target	713.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	678.73
Downside Intraday Target	654.42
Upside Intraday Target	720.63
Upside Intraday Target	738.22
Downside Intraday Target	696.32

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	703.05	689.85	713.90	672.00	0.411 times
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

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
05 Tue Mar 2024	703.05	653.45	713.90	653.30	0.248 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 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 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 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 673.8 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.