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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 2024-10-18 View latest technical analysis

10 day averaged volume of Elgi Equipments is 262608

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	658.65	664.00	665.85	649.00	0.308 times
17 Thu Oct 2024	664.15	680.00	681.95	661.45	0.318 times
16 Wed Oct 2024	680.00	674.95	681.90	674.20	1.076 times
15 Tue Oct 2024	675.70	669.50	685.95	667.85	0.473 times
14 Mon Oct 2024	669.50	671.60	673.55	660.15	0.222 times
11 Fri Oct 2024	671.60	665.00	681.00	658.00	0.456 times
10 Thu Oct 2024	667.20	675.00	675.45	663.60	0.318 times
09 Wed Oct 2024	673.20	644.90	695.00	644.60	4.909 times
08 Tue Oct 2024	641.65	643.00	646.50	624.70	0.952 times
07 Mon Oct 2024	640.50	680.00	680.00	636.00	0.831 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 657.3 as stoploss in an intra day buy trade for a target of 677.2. However, stock will show a bearish move below 657.3.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	591.55
Downside Target	624.70
Downside Target	649.00
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	643.12
Downside Intraday Target	627.58
Upside Intraday Target	680.07
Upside Intraday Target	701.48
Upside Intraday Target	664.53

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	658.65	671.60	685.95	649.00	0.321 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 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
18 Fri Oct 2024	658.65	672.00	698.90	624.70	0.536 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Elgi Equipments stock for short term is SELL. 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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 667.16 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.