Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-09 View latest technical analysis

10 day averaged volume of Elgi Equipments is 427682

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	711.50	700.00	714.60	687.40	0.438 times
06 Fri Sep 2024	711.50	708.00	718.95	703.00	0.421 times
05 Thu Sep 2024	707.75	700.10	726.00	687.00	0.738 times
04 Wed Sep 2024	698.60	699.35	715.00	695.00	0.428 times
03 Tue Sep 2024	700.80	706.95	709.00	697.05	0.348 times
02 Mon Sep 2024	702.80	700.00	707.95	689.00	0.381 times
30 Fri Aug 2024	694.40	712.00	716.10	690.95	0.413 times
29 Thu Aug 2024	713.20	721.85	722.05	708.10	0.49 times
28 Wed Aug 2024	722.30	721.50	729.90	714.00	1.071 times
27 Tue Aug 2024	721.60	718.55	726.45	712.40	0.912 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 717.6 as stoploss in an intra day sell trade for a target of 673.75. However, stock will show a bullish move above 717.6.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	588.10
Downside Target	631.70
Downside Target	651.00
Downside Target	672.90
Downside Target	687.00
Downside Target	709.00
Upside Target	726.00
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	694.4
Downside Intraday Target	677.3
Upside Intraday Target	721.6
Upside Intraday Target	731.7
Downside Intraday Target	704.5

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	711.50	700.00	714.60	687.40	0.189 times
06 Fri Sep 2024	711.50	700.00	726.00	687.00	0.301 times
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

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 Mon Sep 2024	711.50	700.00	726.00	687.00	0.101 times
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

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 711.36 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 positive

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