Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-11 View latest technical analysis

10 day averaged volume of Elgi Equipments is 153563

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	624.45	633.65	635.00	619.90	0.352 times
08 Fri Nov 2024	636.80	651.10	653.00	634.10	0.294 times
07 Thu Nov 2024	651.15	651.65	659.90	650.00	0.325 times
06 Wed Nov 2024	651.65	652.00	655.05	644.45	0.404 times
05 Tue Nov 2024	648.25	638.85	655.80	638.85	0.59 times
04 Mon Nov 2024	648.60	657.00	657.20	636.00	0.601 times
01 Fri Nov 2024	662.90	662.55	668.70	660.00	0.337 times
31 Thu Oct 2024	662.55	603.55	678.00	603.55	5.632 times
30 Wed Oct 2024	603.10	595.05	613.65	591.25	0.766 times
29 Tue Oct 2024	594.70	591.35	599.40	591.00	0.289 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 613.1 as stoploss in an intra day buy trade for a target of 639.04. However, stock will show a bearish move below 613.1.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	588.05
Downside Target	619.90
Upside Target	634.10
Upside Target	649.00
Upside Target	662.60
Upside Target	668.70
Upside Target	678.00
Upside Target	685.95
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	617.9
Downside Intraday Target	611.35
Upside Intraday Target	633
Upside Intraday Target	641.55
Upside Intraday Target	626.45

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	624.45	633.65	635.00	619.90	0.159 times
08 Fri Nov 2024	636.80	657.00	659.90	634.10	0.284 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

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
11 Mon Nov 2024	624.45	662.55	668.70	619.90	0.093 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

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 SELL signal for Elgi Equipments in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 650.98 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.