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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 2024-09-11 View latest technical analysis

10 day averaged volume of Elgi Equipments is 227355

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	726.00	720.00	740.00	716.00	2.863 times
10 Tue Sep 2024	718.80	719.95	725.00	711.80	1.106 times
09 Mon Sep 2024	711.50	700.00	714.60	687.40	0.824 times
06 Fri Sep 2024	711.50	708.00	718.95	703.00	0.792 times
05 Thu Sep 2024	707.75	700.10	726.00	687.00	1.388 times
04 Wed Sep 2024	698.60	699.35	715.00	695.00	0.805 times
03 Tue Sep 2024	700.80	706.95	709.00	697.05	0.655 times
02 Mon Sep 2024	702.80	700.00	707.95	689.00	0.717 times
30 Fri Aug 2024	694.40	712.00	716.10	690.95	0.777 times
29 Thu Aug 2024	713.20	721.85	722.05	708.10	0.922 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 725.8, but if it comes below 725.8, then a intra day sell could be more profitable.
If you take a sell trade below 725.8, then use 725.8 as stoploss and 684.35 as target. However if you take a buy trade in stock , then use 725.8 as stoploss and 775.5 as target.

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
Downside Target	726.00
Upside Target	729.90
Upside Target	738.00
Upside Target	740.00
Upside Target	762.20
Upside Target	798.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	695.6
Downside Intraday Target	665.2
Upside Intraday Target	748.2
Upside Intraday Target	770.4
Downside Intraday Target	717.8

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	726.00	700.00	740.00	687.40	1.1 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 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
11 Wed Sep 2024	726.00	700.00	740.00	687.00	0.178 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 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 712.33 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.