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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 2024-03-26 View latest technical analysis

10 day averaged volume of Elgi Equipments is 288100

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	580.45	593.00	593.00	578.05	0.848 times
22 Fri Mar 2024	589.55	594.50	601.20	584.00	1.212 times
21 Thu Mar 2024	596.90	599.95	617.40	594.20	0.691 times
20 Wed Mar 2024	597.40	629.85	630.00	594.00	0.963 times
19 Tue Mar 2024	629.40	627.00	633.55	626.55	0.332 times
18 Mon Mar 2024	628.05	630.00	636.95	622.55	0.268 times
15 Fri Mar 2024	634.00	632.85	652.25	618.80	1.475 times
14 Thu Mar 2024	630.70	621.30	642.30	609.00	0.83 times
13 Wed Mar 2024	624.80	628.10	630.00	602.95	1.349 times
12 Tue Mar 2024	631.85	684.50	687.00	625.55	2.132 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 606.7, but if it comes above 606.7, then a intra day buy could be more profitable.
If you take a sell trade below 606.7, then use 606.7 as stoploss and 561.2 as target. However if you take a buy trade in stock , then use 606.7 as stoploss and 644.62 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	578.05
Upside 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	574.67
Downside Intraday Target	568.88
Upside Intraday Target	589.62
Upside Intraday Target	598.78
Upside Intraday Target	583.83

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Mar 2024	580.45	593.00	593.00	578.05	0.245 times
22 Fri Mar 2024	589.55	630.00	636.95	584.00	0.531 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

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
26 Tue Mar 2024	580.45	653.45	714.20	578.05	0.539 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 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 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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 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 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 615.88 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 negative.

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