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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 2024-09-16 View latest technical analysis

10 day averaged volume of Elgi Equipments is 300878

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	723.45	730.00	730.80	719.00	0.366 times
13 Fri Sep 2024	720.75	729.00	734.00	717.00	0.678 times
12 Thu Sep 2024	729.60	726.00	740.00	723.55	2.408 times
11 Wed Sep 2024	726.00	720.00	740.00	716.00	2.163 times
10 Tue Sep 2024	718.80	719.95	725.00	711.80	0.836 times
09 Mon Sep 2024	711.50	700.00	714.60	687.40	0.622 times
06 Fri Sep 2024	711.50	708.00	718.95	703.00	0.598 times
05 Thu Sep 2024	707.75	700.10	726.00	687.00	1.049 times
04 Wed Sep 2024	698.60	699.35	715.00	695.00	0.609 times
03 Tue Sep 2024	700.80	706.95	709.00	697.05	0.495 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 730.5 as stoploss in an intra day sell trade for a target of 701.24. However, stock will show a bullish move above 730.5.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	588.10
Downside Target	651.00
Downside Target	672.90
Downside Target	687.00
Downside Target	709.00
Upside Target	729.90
Upside Target	730.80
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	718.03
Downside Intraday Target	712.62
Upside Intraday Target	729.83
Upside Intraday Target	736.22
Upside Intraday Target	724.42

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	723.45	730.00	730.80	719.00	0.055 times
13 Fri Sep 2024	720.75	700.00	740.00	687.40	2.037 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

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
16 Mon Sep 2024	723.45	700.00	740.00	687.00	0.266 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 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 neutral. A longer time frame might give a better analysis.

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 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 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 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 719.1 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.