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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.

10 day averaged volume of Elgi Equipments is 1700912

Date Daily Closing Price Open High Low Volume
26 Fri Nov 2021 259.65 257.00 267.00 255.00 0.56 times
25 Thu Nov 2021 264.85 261.00 280.70 254.05 2.072 times
24 Wed Nov 2021 267.20 235.45 273.95 233.75 5.264 times
23 Tue Nov 2021 230.50 210.40 233.90 208.00 1.339 times
22 Mon Nov 2021 212.65 215.00 218.10 210.35 0.25 times
18 Thu Nov 2021 212.85 215.00 215.00 208.15 0.08 times
17 Wed Nov 2021 211.85 214.90 215.85 208.90 0.147 times
16 Tue Nov 2021 215.45 223.50 225.00 214.40 0.232 times
15 Mon Nov 2021 220.15 219.40 226.50 217.00 0.444 times
12 Fri Nov 2021 214.50 214.00 216.20 212.05 0.059 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 264.5, for a target of 239.3 or 218.35

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Target 191.30
Downside Target 208.00
Downside Target 208.15
Downside Target 208.55
Downside Target 220.00
Downside Target 226.50
Downside Target 228.00
Downside Target 228.80
Upside Target 280.70

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Intraday Target 218.2
Downside Intraday Target 176.75
Upside Intraday Target 290.9
Upside Intraday Target 322.15
Downside Intraday Target 249.45

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date Weekly Closing Price Open High Low Volume
26 Fri Nov 2021 259.65 215.00 280.70 208.00 10.518 times
18 Thu Nov 2021 212.85 219.40 226.50 208.15 0.271 times
12 Fri Nov 2021 214.50 202.00 228.00 199.25 31.081 times
04 Thu Nov 2021 200.70 199.20 203.40 198.35 0.492 times
29 Fri Oct 2021 199.00 200.20 202.00 195.10 0.554 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
26 Fri Nov 2021 259.65 199.20 280.70 198.35 9.907 times
29 Fri Oct 2021 199.00 205.00 208.55 195.10 0.365 times
30 Thu Sep 2021 205.45 197.05 220.00 195.00 0.61 times
31 Tue Aug 2021 197.50 222.50 228.80 191.30 0.847 times

Scroll below to view daily charts

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

Indicators analysis of Elgi Equipments (ELGIEQUIP)

Indicator Name Indicator Value Indicator Signal
ADX 47, 5, 81 Buy
MACD 21, 13Buy
Stochastics 80Buy
CCI 107Sell
RSI 75Buy
OBV 11779246Sell
VWAP 256Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 red color and prices are in or above the red 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 255.68 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 positive

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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Daily chart

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