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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 2024-10-07 View latest technical analysis

10 day averaged volume of Elgi Equipments is 214555

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	640.50	680.00	680.00	636.00	1.018 times
04 Fri Oct 2024	680.40	682.70	688.75	666.60	0.543 times
03 Thu Oct 2024	679.30	673.00	698.90	672.00	1.533 times
01 Tue Oct 2024	678.20	672.00	684.00	672.00	0.583 times
30 Mon Sep 2024	679.70	665.85	684.00	665.85	1.385 times
27 Fri Sep 2024	665.85	690.15	697.30	662.60	1.179 times
26 Thu Sep 2024	686.70	690.70	691.40	678.05	0.541 times
25 Wed Sep 2024	691.40	703.00	708.00	690.00	0.576 times
24 Tue Sep 2024	709.55	706.35	710.90	693.45	0.796 times
23 Mon Sep 2024	706.80	720.00	723.45	705.10	0.728 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 646.1, for a target of 677.6 or 703.9

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	591.55
Downside Target	636.00
Upside Target	651.00
Upside Target	680.00
Upside Target	715.55
Upside Target	723.45
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	624.33
Downside Intraday Target	608.17
Upside Intraday Target	668.33
Upside Intraday Target	696.17
Upside Intraday Target	652.17

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	640.50	680.00	680.00	636.00	0.252 times
04 Fri Oct 2024	680.40	665.85	698.90	665.85	1.059 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

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
07 Mon Oct 2024	640.50	672.00	698.90	636.00	0.134 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 getting stronger in this stock.

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 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 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 679.33 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 negative.

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