(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.
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Daily charts
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