(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 2024-03-18 View latest technical analysis
10 day averaged volume of Elgi Equipments is 347787
Date | Daily Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 628.05 | 630.00 | 636.95 | 622.55 | 0.222 times |
15 Fri Mar 2024 | 634.00 | 632.85 | 652.25 | 618.80 | 1.222 times |
14 Thu Mar 2024 | 630.70 | 621.30 | 642.30 | 609.00 | 0.687 times |
13 Wed Mar 2024 | 624.80 | 628.10 | 630.00 | 602.95 | 1.118 times |
12 Tue Mar 2024 | 631.85 | 684.50 | 687.00 | 625.55 | 1.766 times |
11 Mon Mar 2024 | 684.45 | 702.50 | 713.45 | 671.55 | 0.619 times |
07 Thu Mar 2024 | 699.70 | 697.50 | 707.45 | 693.35 | 0.462 times |
06 Wed Mar 2024 | 697.55 | 703.65 | 714.20 | 679.00 | 0.824 times |
05 Tue Mar 2024 | 703.05 | 672.00 | 713.90 | 672.00 | 2.532 times |
04 Mon Mar 2024 | 681.35 | 689.85 | 691.95 | 676.75 | 0.606 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 624.2 as stoploss in an intra day buy trade for a target of 652.96. However, stock will show a bearish move below 624.2.
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 | 602.95 |
Downside Target | 615.55 |
Upside Target | 636.95 |
Upside Target | 672.00 |
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 | 621.42 |
Downside Intraday Target | 614.78 |
Upside Intraday Target | 635.82 |
Upside Intraday Target | 643.58 |
Upside Intraday Target | 629.18 |
Weekly technical analysis of Elgi Equipments (ELGIEQUIP)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Mon Mar 2024 | 628.05 | 630.00 | 636.95 | 622.55 | 0.041 times |
15 Fri Mar 2024 | 634.00 | 702.50 | 713.45 | 602.95 | 1.224 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 |
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 |
18 Mon Mar 2024 | 628.05 | 653.45 | 714.20 | 602.95 | 0.444 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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 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 gaining momentum.
MACD generated a SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.
Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 663.8 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.
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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 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 gaining momentum.
MACD generated a SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.
Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY 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 663.8 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.
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Daily charts
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