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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 2024-11-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 174788

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	648.25	638.85	655.80	638.85	0.519 times
04 Mon Nov 2024	648.60	657.00	657.20	636.00	0.528 times
01 Fri Nov 2024	662.90	662.55	668.70	660.00	0.296 times
31 Thu Oct 2024	662.55	603.55	678.00	603.55	4.948 times
30 Wed Oct 2024	603.10	595.05	613.65	591.25	0.673 times
29 Tue Oct 2024	594.70	591.35	599.40	591.00	0.254 times
28 Mon Oct 2024	595.65	600.05	603.20	588.05	0.669 times
25 Fri Oct 2024	596.40	625.00	628.80	593.95	0.911 times
24 Thu Oct 2024	628.30	628.70	632.00	621.40	0.457 times
23 Wed Oct 2024	628.65	620.60	634.05	611.50	0.473 times

My analysis of stock is bullish for shortterm, and stock might move up till 673.4 or till 707.5. Use a stoploss of 644.91 and if this stock hits its stoploss, then it can fall down till 616.45

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	588.05
Downside Target	624.70
Upside Target	649.00
Upside Target	668.70
Upside Target	678.00
Upside Target	685.95
Upside Target	695.00
Upside Target	698.90
Upside Target	738.00
Upside Target	752.95
Upside Target	762.20

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	637.1
Downside Intraday Target	625.95
Upside Intraday Target	658.3
Upside Intraday Target	668.35
Downside Intraday Target	647.15

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	648.25	657.00	657.20	636.00	0.153 times
01 Fri Nov 2024	662.90	600.05	678.00	588.05	2.338 times
25 Fri Oct 2024	596.40	652.00	661.95	593.95	0.812 times
18 Fri Oct 2024	658.65	671.60	685.95	649.00	0.321 times
11 Fri Oct 2024	671.60	680.00	695.00	624.70	2.26 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
05 Tue Nov 2024	648.25	662.55	668.70	636.00	0.049 times
31 Thu Oct 2024	662.55	672.00	698.90	588.05	0.817 times
30 Mon Sep 2024	679.70	700.00	752.95	662.60	0.503 times
30 Fri Aug 2024	694.40	698.85	738.00	591.55	1.699 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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Equipments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 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 641.1 and Elgi Equipments (ELGIEQUIP) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.