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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 2024-11-22 View latest technical analysis

10 day averaged volume of Elgi Equipments is 162831

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	559.40	557.90	567.35	551.20	0.873 times
21 Thu Nov 2024	553.15	551.05	571.90	549.00	0.862 times
19 Tue Nov 2024	556.65	565.00	568.95	546.80	2.53 times
18 Mon Nov 2024	559.80	590.00	590.00	557.85	1.062 times
14 Thu Nov 2024	584.85	578.80	590.95	562.40	1.87 times
13 Wed Nov 2024	570.05	610.00	613.65	567.05	1.425 times
12 Tue Nov 2024	602.50	628.00	633.45	599.75	0.952 times
11 Mon Nov 2024	624.45	633.65	635.00	619.90	0.332 times
08 Fri Nov 2024	636.80	651.10	653.00	634.10	0.277 times
07 Thu Nov 2024	651.15	651.65	659.90	650.00	0.307 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 572.6, but if it comes above 572.6, then a intra day buy could be more profitable.
If you take a sell trade below 572.6, then use 572.6 as stoploss and 528.2 as target. However if you take a buy trade in stock , then use 572.6 as stoploss and 609.55 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Upside Target	562.40
Upside Target	588.05
Upside Target	634.10
Upside Target	651.00
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	540.8
Downside Intraday Target	522.2
Upside Intraday Target	584
Upside Intraday Target	608.6
Upside Intraday Target	565.4

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Nov 2024	559.40	590.00	590.00	546.80	1.163 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
22 Fri Nov 2024	559.40	662.55	668.70	546.80	0.416 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 574.95 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.