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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 2024-03-19 View latest technical analysis

10 day averaged volume of Elgi Equipments is 349791

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	629.40	627.00	633.55	626.55	0.273 times
18 Mon Mar 2024	628.05	630.00	636.95	622.55	0.221 times
15 Fri Mar 2024	634.00	632.85	652.25	618.80	1.215 times
14 Thu Mar 2024	630.70	621.30	642.30	609.00	0.683 times
13 Wed Mar 2024	624.80	628.10	630.00	602.95	1.111 times
12 Tue Mar 2024	631.85	684.50	687.00	625.55	1.756 times
11 Mon Mar 2024	684.45	702.50	713.45	671.55	0.615 times
07 Thu Mar 2024	699.70	697.50	707.45	693.35	0.459 times
06 Wed Mar 2024	697.55	703.65	714.20	679.00	0.819 times
05 Tue Mar 2024	703.05	672.00	713.90	672.00	2.517 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 624.1 as stoploss in an intra day buy trade for a target of 652.92. However, stock will show a bearish move below 624.1.

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	622.32
Downside Intraday Target	615.23
Upside Intraday Target	636.72
Upside Intraday Target	644.03
Upside Intraday Target	629.63

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	629.40	630.00	636.95	622.55	0.092 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
19 Tue Mar 2024	629.40	653.45	714.20	602.95	0.452 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 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 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term and selling is picking up 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 661.74 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.