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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 2024-10-15 View latest technical analysis

10 day averaged volume of Elgi Equipments is 288684

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	675.70	669.50	685.95	667.85	0.43 times
14 Mon Oct 2024	669.50	671.60	673.55	660.15	0.202 times
11 Fri Oct 2024	671.60	665.00	681.00	658.00	0.415 times
10 Thu Oct 2024	667.20	675.00	675.45	663.60	0.289 times
09 Wed Oct 2024	673.20	644.90	695.00	644.60	4.466 times
08 Tue Oct 2024	641.65	643.00	646.50	624.70	0.866 times
07 Mon Oct 2024	640.50	680.00	680.00	636.00	0.756 times
04 Fri Oct 2024	680.40	682.70	688.75	666.60	0.404 times
03 Thu Oct 2024	679.30	673.00	698.90	672.00	1.139 times
01 Tue Oct 2024	678.20	672.00	684.00	672.00	0.433 times

My analysis of stock is bearish for shortterm, and stock might move down till 659.6 or till 626.3. Use a stoploss of 687.34 and if the stock hits stoploss, then it can shoot up till 715.11

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	685.95
Upside Target	715.55
Upside Target	723.45
Upside Target	738.00
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	661.92
Downside Intraday Target	648.13
Upside Intraday Target	687.72
Upside Intraday Target	699.73
Downside Intraday Target	673.93

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	675.70	671.60	685.95	660.15	0.093 times
11 Fri Oct 2024	671.60	680.00	695.00	624.70	2.26 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

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
15 Tue Oct 2024	675.70	672.00	698.90	624.70	0.461 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Elgi Equipments in short term and BUY 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

Stock of Elgi Equipments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 668.72 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.