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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 115655

Date Daily Closing Price Open High Low Volume
15 Thu Apr 2021 199.70 194.00 207.00 188.00 1.645 times
13 Tue Apr 2021 194.25 188.00 197.00 188.00 0.213 times
12 Mon Apr 2021 191.60 190.00 199.45 190.00 0.787 times
09 Fri Apr 2021 201.70 207.45 210.40 197.10 4.485 times
08 Thu Apr 2021 204.35 200.00 205.95 198.00 0.849 times
07 Wed Apr 2021 197.95 203.00 203.00 197.20 0.275 times
06 Tue Apr 2021 199.70 196.00 201.55 194.00 0.667 times
05 Mon Apr 2021 194.55 198.80 203.00 193.05 0.812 times
01 Thu Apr 2021 197.20 190.20 198.75 189.35 0.917 times
31 Wed Mar 2021 190.75 184.00 192.00 183.00 0.607 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 199.5, but if it comes below 199.5, then a intra day sell could be more profitable.
If you take a sell trade below 199.5, then use 199.5 as stoploss and 192.95 as target. However if you take a buy trade in stock , then use 199.5 as stoploss and 207.4 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Target 131.00
Downside Target 149.80
Downside Target 155.45
Downside Target 169.00
Downside Target 175.05
Downside Target 181.40
Downside Target 188.00
Downside Target 193.00
Downside Target 198.75
Upside Target 203.40
Upside Target 207.00
Upside Target 210.40
Upside Target 211.60

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type Value
Downside Intraday Target 189.47
Downside Intraday Target 179.23
Upside Intraday Target 208.47
Upside Intraday Target 217.23
Downside Intraday Target 198.23

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date Weekly Closing Price Open High Low Volume
15 Thu Apr 2021 199.70 190.00 207.00 188.00 0.373 times
09 Fri Apr 2021 201.70 198.80 210.40 193.05 3.706 times
01 Thu Apr 2021 197.20 181.40 198.75 181.40 0.758 times
26 Fri Mar 2021 180.40 192.00 194.00 175.05 0.388 times
19 Fri Mar 2021 189.20 202.90 203.40 182.10 0.188 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
15 Thu Apr 2021 199.70 190.20 210.40 188.00 0.211 times
31 Wed Mar 2021 190.75 186.45 211.60 175.05 1.501 times
25 Thu Feb 2021 181.05 157.50 183.00 155.45 0.494 times
29 Fri Jan 2021 157.80 153.75 193.00 149.80 1.6 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)

Indicator Name Indicator Value Indicator Signal
ADX 29, 15, 32 Buy
MACD 9, 9Sell
Stochastics 49None
CCI 25Buy
RSI 55Buy
OBV -427541Sell
VWAP 199Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short 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.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short 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.

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 SELL signal for Elgi Equipments in short term but the sell 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

Although the stock is in the SELL zone, but selling 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 199.08 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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