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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 2024-08-20 View latest technical analysis

10 day averaged volume of Elgi Equipments is 183335

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	628.15	639.70	645.00	621.05	0.673 times
19 Mon Aug 2024	632.90	603.70	635.35	603.00	2.574 times
16 Fri Aug 2024	600.55	607.65	611.00	593.05	1.382 times
14 Wed Aug 2024	602.55	610.00	613.90	591.55	0.999 times
13 Tue Aug 2024	611.65	623.65	624.95	608.45	0.603 times
12 Mon Aug 2024	621.10	629.80	631.70	619.45	0.531 times
09 Fri Aug 2024	630.50	636.85	638.05	629.00	0.489 times
08 Thu Aug 2024	631.80	641.40	648.85	629.25	0.366 times
07 Wed Aug 2024	640.15	652.00	652.00	631.25	0.939 times
06 Tue Aug 2024	640.80	649.95	667.95	633.95	0.877 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 619.6 as stoploss in an intra day buy trade for a target of 658.16. However, stock will show a bearish move below 619.6.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	584.70
Upside Target	629.00
Upside Target	645.00
Upside Target	669.00
Upside Target	676.30
Upside Target	681.00
Upside Target	720.00
Upside Target	738.00
Upside Target	762.20
Upside Target	798.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	605.77
Downside Intraday Target	583.38
Upside Intraday Target	647.77
Upside Intraday Target	667.38
Downside Intraday Target	625.38

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	628.15	603.70	645.00	603.00	0.924 times
16 Fri Aug 2024	600.55	629.80	631.70	591.55	0.899 times
09 Fri Aug 2024	630.50	676.00	676.30	629.00	0.388 times
02 Fri Aug 2024	688.35	709.00	738.00	681.00	0.582 times
26 Fri Jul 2024	705.45	670.00	720.00	651.00	5.249 times

Price has moved up 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
20 Tue Aug 2024	628.15	698.85	738.00	591.55	0.462 times
31 Wed Jul 2024	692.80	718.45	762.20	651.00	0.57 times
28 Fri Jun 2024	718.45	632.00	798.95	540.15	1.693 times
31 Fri May 2024	610.70	654.25	672.90	588.10	0.696 times

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

ADX buy sell signal for Elgi Equipments stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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 weakening, and bulls 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 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 623.87 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 falling down

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 has given negative 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.