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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 2024-04-09 View latest technical analysis

10 day averaged volume of Elgi Equipments is 817763

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	618.70	634.00	634.00	616.10	0.279 times
08 Mon Apr 2024	632.75	648.90	651.20	630.50	0.285 times
05 Fri Apr 2024	647.65	644.95	669.00	634.00	1.15 times
04 Thu Apr 2024	653.35	597.85	666.65	592.10	6.236 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	0.192 times
01 Mon Apr 2024	592.10	609.90	609.90	589.00	0.297 times
28 Thu Mar 2024	601.70	583.75	605.00	578.15	0.63 times
27 Wed Mar 2024	579.40	581.50	589.50	576.55	0.298 times
26 Tue Mar 2024	580.45	593.00	593.00	578.05	0.299 times

My analysis of stock is bullish for shortterm, and stock might move up till 643.8 or till 676.4. Use a stoploss of 616.62 and if this stock hits its stoploss, then it can fall down till 589.47

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
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	606.13
Downside Intraday Target	593.57
Upside Intraday Target	641.23
Upside Intraday Target	663.77
Upside Intraday Target	628.67

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	618.70	648.90	651.20	616.10	0.07 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
09 Tue Apr 2024	618.70	609.90	669.00	584.70	0.957 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

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

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 639.07 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.