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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 2024-09-24 View latest technical analysis

10 day averaged volume of Elgi Equipments is 375398

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	709.55	706.35	710.90	693.45	0.455 times
23 Mon Sep 2024	706.80	720.00	723.45	705.10	0.416 times
20 Fri Sep 2024	723.85	740.00	744.95	715.55	1.221 times
19 Thu Sep 2024	736.40	732.70	740.00	716.05	0.632 times
18 Wed Sep 2024	731.55	741.35	744.00	724.60	0.418 times
17 Tue Sep 2024	737.65	726.50	752.95	723.00	2.142 times
16 Mon Sep 2024	723.45	730.00	730.80	719.00	0.293 times
13 Fri Sep 2024	720.75	729.00	734.00	717.00	0.543 times
12 Thu Sep 2024	729.60	726.00	740.00	723.55	1.93 times
11 Wed Sep 2024	726.00	720.00	740.00	716.00	1.734 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 704.1 as stoploss in an intra day buy trade for a target of 716.36. However, stock will show a bearish move below 704.1.

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
Upside Target	715.55
Upside Target	729.90
Upside Target	738.00
Upside Target	740.00
Upside Target	752.95
Upside Target	762.20
Upside Target	798.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	694.18
Downside Intraday Target	678.82
Upside Intraday Target	724.18
Upside Intraday Target	738.82
Downside Intraday Target	708.82

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Sep 2024	709.55	720.00	723.45	693.45	0.185 times
20 Fri Sep 2024	723.85	730.00	752.95	715.55	0.875 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

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
24 Tue Sep 2024	709.55	700.00	752.95	687.00	0.436 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.

Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Equipments in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 727.95 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. 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.