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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 2024-11-28 View latest technical analysis

10 day averaged volume of Elgi Equipments is 943634

Date Daily Closing Price Open High Low Volume
28 Thu Nov 2024 633.80 636.70 648.80 631.00 0.184 times
27 Wed Nov 2024 636.70 645.00 645.80 630.90 0.336 times
26 Tue Nov 2024 653.65 640.00 673.90 630.80 2.091 times
25 Mon Nov 2024 640.75 569.00 668.00 569.00 5.921 times
22 Fri Nov 2024 559.40 557.90 567.35 551.20 0.151 times
21 Thu Nov 2024 553.15 551.05 571.90 549.00 0.149 times
19 Tue Nov 2024 556.65 565.00 568.95 546.80 0.437 times
18 Mon Nov 2024 559.80 590.00 590.00 557.85 0.183 times
14 Thu Nov 2024 584.85 578.80 590.95 562.40 0.323 times
13 Wed Nov 2024 570.05 610.00 613.65 567.05 0.246 times

My analysis of stock is bullish for shortterm, and stock might move up till 655.4 or till 701.5. Use a stoploss of 617.04 and if this stock hits its stoploss, then it can fall down till 578.64

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Target 546.80
Downside Target 562.40
Downside Target 588.05
Upside Target 634.10
Upside Target 651.00
Upside Target 673.90
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 577.23
Downside Intraday Target 520.67
Upside Intraday Target 682.13
Upside Intraday Target 730.47
Downside Intraday Target 625.57

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date Weekly Closing Price Open High Low Volume
28 Thu Nov 2024 633.80 569.00 673.90 569.00 9.281 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date Monthly Closing Price Open High Low Volume
28 Thu Nov 2024 633.80 662.55 673.90 546.80 2.088 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, and volume has increased substantially. This means that the move can 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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 631.97 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.

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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 631.97 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.

Click here for Elgi Equipments charts

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Daily charts

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