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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 2024-04-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 748031

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	647.65	644.95	669.00	634.00	1.258 times
04 Thu Apr 2024	653.35	597.85	666.65	592.10	6.818 times
03 Wed Apr 2024	589.00	591.00	595.25	584.70	0.203 times
02 Tue Apr 2024	590.15	597.10	598.85	588.10	0.21 times
01 Mon Apr 2024	592.10	609.90	609.90	589.00	0.325 times
28 Thu Mar 2024	601.70	583.75	605.00	578.15	0.688 times
27 Wed Mar 2024	579.40	581.50	589.50	576.55	0.326 times
26 Tue Mar 2024	580.45	593.00	593.00	578.05	0.327 times
22 Fri Mar 2024	589.55	594.50	601.20	584.00	0.467 times
21 Thu Mar 2024	596.90	599.95	617.40	594.20	0.266 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 660.6 as stoploss in an intra day sell trade for a target of 623.91. However, stock will show a bullish move above 660.6.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	503.10
Downside Target	524.00
Downside Target	554.00
Downside Target	576.55
Downside Target	602.95
Downside Target	636.95
Upside Target	669.00
Upside Target	672.00
Upside Target	703.95
Upside Target	713.45
Upside Target	714.20

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	598.57
Downside Intraday Target	549.48
Upside Intraday Target	682.87
Upside Intraday Target	718.08
Downside Intraday Target	633.78

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	647.65	609.90	669.00	584.70	6.574 times
28 Thu Mar 2024	601.70	593.00	605.00	576.55	1.004 times
22 Fri Mar 2024	589.55	630.00	636.95	584.00	0.531 times
15 Fri Mar 2024	634.00	702.50	713.45	602.95	1.224 times
07 Thu Mar 2024	699.70	689.85	714.20	672.00	0.579 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
05 Fri Apr 2024	647.65	609.90	669.00	584.70	0.894 times
28 Thu Mar 2024	601.70	653.45	714.20	576.55	0.601 times
29 Thu Feb 2024	652.05	611.80	703.95	582.30	1.716 times
31 Wed Jan 2024	614.90	547.25	617.00	524.00	1.297 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 but the buy 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. Bulls 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 coming down

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

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 636.67 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.