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 2024-10-01 View latest technical analysis

10 day averaged volume of Elgi Equipments is 277349

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	678.20	672.00	684.00	672.00	0.451 times
30 Mon Sep 2024	679.70	665.85	684.00	665.85	1.072 times
27 Fri Sep 2024	665.85	690.15	697.30	662.60	0.912 times
26 Thu Sep 2024	686.70	690.70	691.40	678.05	0.418 times
25 Wed Sep 2024	691.40	703.00	708.00	690.00	0.445 times
24 Tue Sep 2024	709.55	706.35	710.90	693.45	0.616 times
23 Mon Sep 2024	706.80	720.00	723.45	705.10	0.563 times
20 Fri Sep 2024	723.85	740.00	744.95	715.55	1.653 times
19 Thu Sep 2024	736.40	732.70	740.00	716.05	0.856 times
18 Wed Sep 2024	731.55	741.35	744.00	724.60	0.566 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 689.7, but if it comes above 689.7, then a intra day buy could be more profitable.
If you take a sell trade below 689.7, then use 689.7 as stoploss and 665.6 as target. However if you take a buy trade in stock , then use 689.7 as stoploss and 709.78 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	591.55
Downside Target	651.00
Upside Target	715.55
Upside Target	723.45
Upside Target	726.00
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	668.03
Downside Intraday Target	657.87
Upside Intraday Target	686.18
Upside Intraday Target	694.17
Downside Intraday Target	676.02

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	678.20	665.85	684.00	665.85	0.515 times
27 Fri Sep 2024	665.85	720.00	723.45	662.60	0.464 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

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
01 Tue Oct 2024	678.20	672.00	684.00	672.00	0.021 times
30 Mon Sep 2024	679.70	700.00	752.95	662.60	0.503 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

Scroll below to view daily charts

Price has moved down 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 to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Elgi Equipments stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 703.45 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.