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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 2024-08-23 View latest technical analysis

10 day averaged volume of Elgi Equipments is 497030

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	692.80	646.80	702.00	642.75	3.345 times
22 Thu Aug 2024	647.45	633.40	709.00	633.40	7.006 times
21 Wed Aug 2024	633.40	630.60	638.10	626.00	0.184 times
20 Tue Aug 2024	628.15	639.70	645.00	621.05	0.248 times
19 Mon Aug 2024	632.90	603.70	635.35	603.00	0.95 times
16 Fri Aug 2024	600.55	607.65	611.00	593.05	0.51 times
14 Wed Aug 2024	602.55	610.00	613.90	591.55	0.369 times
13 Tue Aug 2024	611.65	623.65	624.95	608.45	0.222 times
12 Mon Aug 2024	621.10	629.80	631.70	619.45	0.196 times
09 Fri Aug 2024	630.50	636.85	638.05	629.00	0.18 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 691.5, but if it comes below 691.5, then a intra day sell could be more profitable.
If you take a sell trade below 691.5, then use 691.5 as stoploss and 653.8 as target. However if you take a buy trade in stock , then use 691.5 as stoploss and 736.7 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	584.70
Downside Target	629.00
Downside Target	651.00
Downside Target	669.00
Downside Target	681.00
Upside Target	709.00
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	627.53
Downside Intraday Target	562.27
Upside Intraday Target	733.53
Upside Intraday Target	774.27
Downside Intraday Target	668.27

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	692.80	603.70	709.00	603.00	9.049 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, 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
23 Fri Aug 2024	692.80	698.85	738.00	591.55	1.222 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 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 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 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 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

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 653.04 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 negative.

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