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 2024-10-09 View latest technical analysis

10 day averaged volume of Elgi Equipments is 199939

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	673.20	644.90	695.00	644.60	6.448 times
08 Tue Oct 2024	641.65	643.00	646.50	624.70	1.251 times
07 Mon Oct 2024	640.50	680.00	680.00	636.00	1.092 times
04 Fri Oct 2024	680.40	682.70	688.75	666.60	0.583 times
03 Thu Oct 2024	679.30	673.00	698.90	672.00	1.645 times
01 Tue Oct 2024	678.20	672.00	684.00	672.00	0.625 times
30 Mon Sep 2024	679.70	665.85	684.00	665.85	1.487 times
27 Fri Sep 2024	665.85	690.15	697.30	662.60	1.265 times
26 Thu Sep 2024	686.70	690.70	691.40	678.05	0.58 times
25 Wed Sep 2024	691.40	703.00	708.00	690.00	0.618 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 668.4 as stoploss in an intra day buy trade for a target of 698.13. However, stock will show a bearish move below 668.4.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	591.55
Downside Target	624.70
Downside Target	651.00
Upside Target	687.40
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	633.6
Downside Intraday Target	594
Upside Intraday Target	703.9
Upside Intraday Target	734.6
Downside Intraday Target	664.3

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	673.20	680.00	695.00	624.70	2.026 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	673.20	672.00	698.90	624.70	0.395 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the sell 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 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 moving up

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 670.74 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 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.