(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, 9 | Sell |
| Stochastics | 49 | None |
| CCI | 25 | Buy |
| RSI | 55 | Buy |
| OBV | -427541 | Sell |
| VWAP | 199 | Buy |
| ADL | 0 | Sell |
| ROC | 9 | Buy |
| Force Index | 0 | Sell |
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
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Daily charts
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