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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 2024-03-12 View latest technical analysis

10 day averaged volume of Elgi Equipments is 432452

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	631.85	684.50	687.00	625.55	1.42 times
11 Mon Mar 2024	684.45	702.50	713.45	671.55	0.498 times
07 Thu Mar 2024	699.70	697.50	707.45	693.35	0.371 times
06 Wed Mar 2024	697.55	703.65	714.20	679.00	0.662 times
05 Tue Mar 2024	703.05	672.00	713.90	672.00	2.036 times
04 Mon Mar 2024	681.35	689.85	691.95	676.75	0.487 times
02 Sat Mar 2024	687.35	687.00	701.00	685.00	0.132 times
01 Fri Mar 2024	680.60	653.45	696.45	653.30	4.372 times
29 Thu Feb 2024	652.05	631.70	655.50	615.55	0.821 times
28 Wed Feb 2024	631.30	633.85	639.00	625.95	0.219 times

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 629.2 as stoploss in an intra day buy trade for a target of 656.49. However, stock will show a bearish move below 629.2.

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	582.30
Downside Target	606.60
Upside Target	672.00
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	600.45
Downside Intraday Target	569.05
Upside Intraday Target	688.35
Upside Intraday Target	744.85
Upside Intraday Target	656.95

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	631.85	702.50	713.45	625.55	0.539 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
12 Tue Mar 2024	631.85	653.45	714.20	625.55	0.352 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 SELL. Signal strength is Weak 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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Elgi Equipments in short term and SELL 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

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 677.31 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 positive

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