(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 2024-11-18 View latest technical analysis
10 day averaged volume of Elgi Equipments is 113758
Date | Daily Closing Price | Open | High | Low | Volume |
18 Mon Nov 2024 | 559.80 | 590.00 | 590.00 | 557.85 | 1.52 times |
14 Thu Nov 2024 | 584.85 | 578.80 | 590.95 | 562.40 | 2.677 times |
13 Wed Nov 2024 | 570.05 | 610.00 | 613.65 | 567.05 | 2.04 times |
12 Tue Nov 2024 | 602.50 | 628.00 | 633.45 | 599.75 | 1.363 times |
11 Mon Nov 2024 | 624.45 | 633.65 | 635.00 | 619.90 | 0.476 times |
08 Fri Nov 2024 | 636.80 | 651.10 | 653.00 | 634.10 | 0.397 times |
07 Thu Nov 2024 | 651.15 | 651.65 | 659.90 | 650.00 | 0.439 times |
06 Wed Nov 2024 | 651.65 | 652.00 | 655.05 | 644.45 | 0.546 times |
05 Tue Nov 2024 | 648.25 | 638.85 | 655.80 | 638.85 | 0.797 times |
04 Mon Nov 2024 | 648.60 | 657.00 | 657.20 | 636.00 | 0.811 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 554.6, for a target of 590.8 or 620.98
Share price targets for Elgi Equipments (ELGIEQUIP)
Target Type | Value |
Downside Target | 557.85 |
Upside Target | 588.05 |
Upside Target | 634.10 |
Upside Target | 651.00 |
Upside Target | 661.95 |
Upside Target | 662.60 |
Upside Target | 668.70 |
Upside Target | 678.00 |
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 | 548.43 |
Downside Intraday Target | 537.07 |
Upside Intraday Target | 580.58 |
Upside Intraday Target | 601.37 |
Upside Intraday Target | 569.22 |
Weekly technical analysis of Elgi Equipments (ELGIEQUIP)
Date | Weekly Closing Price | Open | High | Low | Volume |
18 Mon Nov 2024 | 559.80 | 590.00 | 590.00 | 557.85 | 0.232 times |
14 Thu Nov 2024 | 584.85 | 633.65 | 635.00 | 562.40 | 2.193 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 |
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 |
18 Mon Nov 2024 | 559.80 | 662.55 | 668.70 | 557.85 | 0.272 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 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 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 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 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 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 SELL signal in short term and selling is picking up 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 599.58 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.
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 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 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 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 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 SELL signal in short term and selling is picking up 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 599.58 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.
Click here for Elgi Equipments charts
Click here for further forecast and predictions for tomorrow
Daily charts
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