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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 2024-08-30 View latest technical analysis

10 day averaged volume of Elgi Equipments is 919457

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	694.40	712.00	716.10	690.95	0.192 times
29 Thu Aug 2024	713.20	721.85	722.05	708.10	0.228 times
28 Wed Aug 2024	722.30	721.50	729.90	714.00	0.498 times
27 Tue Aug 2024	721.60	718.55	726.45	712.40	0.424 times
26 Mon Aug 2024	720.00	699.80	728.90	697.05	2.232 times
23 Fri Aug 2024	692.80	646.80	702.00	642.75	1.808 times
22 Thu Aug 2024	647.45	633.40	709.00	633.40	3.787 times
21 Wed Aug 2024	633.40	630.60	638.10	626.00	0.099 times
20 Tue Aug 2024	628.15	639.70	645.00	621.05	0.134 times
19 Mon Aug 2024	632.90	603.70	635.35	603.00	0.513 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 696.3 as stoploss in an intra day sell trade for a target of 655.7. However, stock will show a bullish move above 696.3.

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	690.95
Upside Target	709.00
Upside Target	729.90
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	680.27
Downside Intraday Target	666.13
Upside Intraday Target	719.22
Upside Intraday Target	744.03
Upside Intraday Target	705.08

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	694.40	699.80	729.90	690.95	0.564 times
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

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
30 Fri Aug 2024	694.40	698.85	738.00	591.55	1.699 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 up this month, and volume has increased substantially. This means that the move can 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 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 and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 680.24 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.