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 2024-12-06 View latest technical analysis

10 day averaged volume of Elgi Equipments is 893490

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	643.35	650.55	653.20	640.50	0.084 times
05 Thu Dec 2024	650.55	657.05	659.55	646.60	0.08 times
04 Wed Dec 2024	657.15	664.90	669.00	653.10	0.177 times
03 Tue Dec 2024	659.65	647.80	666.20	641.50	0.363 times
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.088 times
29 Fri Nov 2024	639.85	639.00	647.65	633.00	0.123 times
28 Thu Nov 2024	633.80	636.70	648.80	631.00	0.194 times
27 Wed Nov 2024	636.70	645.00	645.80	630.90	0.355 times
26 Tue Nov 2024	653.65	640.00	673.90	630.80	2.208 times
25 Mon Nov 2024	640.75	569.00	668.00	569.00	6.253 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 655.9 as stoploss in an intra day sell trade for a target of 618.1. However, stock will show a bullish move above 655.9.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	562.40
Downside Target	588.05
Downside Target	634.10
Upside Target	659.90
Upside Target	669.00
Upside Target	673.90
Upside Target	698.90
Upside Target	738.00
Upside Target	752.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	630.1
Downside Intraday Target	616.85
Upside Intraday Target	662.8
Upside Intraday Target	682.25
Upside Intraday Target	649.55

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	643.35	647.00	669.00	636.30	0.087 times
29 Fri Nov 2024	639.85	569.00	673.90	569.00	9.408 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

Price has moved up 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
06 Fri Dec 2024	643.35	647.00	669.00	636.30	0.07 times
29 Fri Nov 2024	639.85	662.55	673.90	546.80	2.111 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

Scroll below to view daily charts

Price has moved up 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining 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 644.47 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.