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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 2024-04-16 View latest technical analysis

10 day averaged volume of Elgi Equipments is 820719

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	621.70	635.00	642.00	615.50	0.255 times
15 Mon Apr 2024	629.95	627.00	635.50	604.60	0.363 times
12 Fri Apr 2024	640.45	631.50	666.00	631.00	0.861 times
10 Wed Apr 2024	628.65	619.75	633.90	619.00	0.182 times
09 Tue Apr 2024	618.70	634.00	634.00	616.10	0.278 times
08 Mon Apr 2024	632.75	648.90	651.20	630.50	0.284 times
05 Fri Apr 2024	647.65	644.95	669.00	634.00	1.146 times
04 Thu Apr 2024	653.35	597.85	666.65	592.10	6.214 times
03 Wed Apr 2024	589.00	591.00	595.25	584.70	0.185 times
02 Tue Apr 2024	590.15	597.10	598.85	588.10	0.191 times

My analysis of stock is bullish for shortterm, and stock might move up till 636.9 or till 664.3. Use a stoploss of 614.07 and if this stock hits its stoploss, then it can fall down till 591.23

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	503.10
Downside Target	524.00
Downside Target	554.00
Downside Target	576.55
Downside Target	604.60
Upside Target	636.95
Upside Target	642.00
Upside Target	666.00
Upside Target	669.00
Upside Target	703.95
Upside Target	714.20

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	603.53
Downside Intraday Target	585.37
Upside Intraday Target	640.93
Upside Intraday Target	660.17
Upside Intraday Target	622.77

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	621.70	627.00	642.00	604.60	0.385 times
12 Fri Apr 2024	640.45	648.90	666.00	616.10	0.2 times
05 Fri Apr 2024	647.65	609.90	669.00	584.70	6.574 times
28 Thu Mar 2024	601.70	593.00	605.00	576.55	1.004 times
22 Fri Mar 2024	589.55	630.00	636.95	584.00	0.531 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
16 Tue Apr 2024	621.70	609.90	669.00	584.70	1.142 times
28 Thu Mar 2024	601.70	653.45	714.20	576.55	0.601 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

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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

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 red color and prices are below the red cloud Prices appear to be coming down

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

Although the stock is in the BUY zone, but buying 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 645.5 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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