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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 2024-12-09 View latest technical analysis

10 day averaged volume of Elgi Equipments is 886792

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	625.35	639.45	639.45	621.70	0.188 times
06 Fri Dec 2024	643.35	650.55	653.20	640.50	0.085 times
05 Thu Dec 2024	650.55	657.05	659.55	646.60	0.081 times
04 Wed Dec 2024	657.15	664.90	669.00	653.10	0.178 times
03 Tue Dec 2024	659.65	647.80	666.20	641.50	0.366 times
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.089 times
29 Fri Nov 2024	639.85	639.00	647.65	633.00	0.124 times
28 Thu Nov 2024	633.80	636.70	648.80	631.00	0.195 times
27 Wed Nov 2024	636.70	645.00	645.80	630.90	0.357 times
26 Tue Nov 2024	653.65	640.00	673.90	630.80	2.225 times

My analysis of stock is bullish for shortterm, and stock might move up till 653.9 or till 698.5. Use a stoploss of 616.81 and if this stock hits its stoploss, then it can fall down till 579.68

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	562.40
Downside Target	588.05
Downside Target	621.70
Upside Target	635.00
Upside Target	662.60
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	618.22
Downside Intraday Target	611.08
Upside Intraday Target	635.97
Upside Intraday Target	646.58
Upside Intraday Target	628.83

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	625.35	639.45	639.45	621.70	0.236 times
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

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
09 Mon Dec 2024	625.35	647.00	669.00	621.70	0.086 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 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 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 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 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 Weak and stock is losing momentum.

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

Elgi Equipments Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 649.58 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 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.