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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 2024-03-11 View latest technical analysis

10 day averaged volume of Elgi Equipments is 419428

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	684.45	702.50	713.45	671.55	0.513 times
07 Thu Mar 2024	699.70	697.50	707.45	693.35	0.383 times
06 Wed Mar 2024	697.55	703.65	714.20	679.00	0.683 times
05 Tue Mar 2024	703.05	672.00	713.90	672.00	2.099 times
04 Mon Mar 2024	681.35	689.85	691.95	676.75	0.502 times
02 Sat Mar 2024	687.35	687.00	701.00	685.00	0.136 times
01 Fri Mar 2024	680.60	653.45	696.45	653.30	4.508 times
29 Thu Feb 2024	652.05	631.70	655.50	615.55	0.846 times
28 Wed Feb 2024	631.30	633.85	639.00	625.95	0.226 times
27 Tue Feb 2024	631.95	622.95	635.20	617.05	0.413 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 684, but if it comes below 684, then a intra day sell could be more profitable.
If you take a sell trade below 684, then use 684 as stoploss and 655.56 as target. However if you take a buy trade in stock , then use 684 as stoploss and 718.1 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	582.30
Downside Target	606.60
Downside Target	653.30
Downside Target	671.55
Upside Target	699.00
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	666.18
Downside Intraday Target	647.92
Upside Intraday Target	708.08
Upside Intraday Target	731.72
Upside Intraday Target	689.82

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	684.45	702.50	713.45	671.55	0.14 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
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

Price has moved down 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
11 Mon Mar 2024	684.45	653.45	714.20	653.30	0.302 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term and the buy signal is strong.

Elgi Equipments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Equipments in short term but SELL signal is weak.

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 681.95 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.