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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 2024-04-08 View latest technical analysis

10 day averaged volume of Elgi Equipments is 814359

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	632.75	648.90	651.20	630.50	0.286 times
05 Fri Apr 2024	647.65	644.95	669.00	634.00	1.155 times
04 Thu Apr 2024	653.35	597.85	666.65	592.10	6.263 times
03 Wed Apr 2024	589.00	591.00	595.25	584.70	0.186 times
02 Tue Apr 2024	590.15	597.10	598.85	588.10	0.193 times
01 Mon Apr 2024	592.10	609.90	609.90	589.00	0.298 times
28 Thu Mar 2024	601.70	583.75	605.00	578.15	0.632 times
27 Wed Mar 2024	579.40	581.50	589.50	576.55	0.299 times
26 Tue Mar 2024	580.45	593.00	593.00	578.05	0.3 times
22 Fri Mar 2024	589.55	594.50	601.20	584.00	0.429 times

My analysis of stock is bullish for shortterm, and stock might move up till 653.3 or till 692.5. Use a stoploss of 620.67 and if this stock hits its stoploss, then it can fall down till 588.03

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	630.50
Upside Target	636.95
Upside Target	651.20
Upside Target	669.00
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	625.1
Downside Intraday Target	617.45
Upside Intraday Target	645.8
Upside Intraday Target	658.85
Upside Intraday Target	638.15

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	632.75	648.90	651.20	630.50	0.035 times
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

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
08 Mon Apr 2024	632.75	609.90	669.00	584.70	0.926 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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 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 637.52 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 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.