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 2024-10-22 View latest technical analysis

10 day averaged volume of Elgi Equipments is 242333

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	620.65	648.50	653.45	617.00	0.57 times
21 Mon Oct 2024	648.50	652.00	661.95	645.05	0.211 times
18 Fri Oct 2024	658.65	664.00	665.85	649.00	0.334 times
17 Thu Oct 2024	664.15	680.00	681.95	661.45	0.345 times
16 Wed Oct 2024	680.00	674.95	681.90	674.20	1.166 times
15 Tue Oct 2024	675.70	669.50	685.95	667.85	0.512 times
14 Mon Oct 2024	669.50	671.60	673.55	660.15	0.24 times
11 Fri Oct 2024	671.60	665.00	681.00	658.00	0.494 times
10 Thu Oct 2024	667.20	675.00	675.45	663.60	0.345 times
09 Wed Oct 2024	673.20	644.90	695.00	644.60	5.32 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 626.4, for a target of 649.7 or 669.12

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	591.55
Downside Target	617.00
Upside Target	649.00
Upside Target	685.95
Upside Target	698.90
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	604.45
Downside Intraday Target	588.25
Upside Intraday Target	649.4
Upside Intraday Target	678.15
Upside Intraday Target	633.2

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	620.65	652.00	661.95	617.00	0.301 times
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

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
22 Tue Oct 2024	620.65	672.00	698.90	617.00	0.569 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 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 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 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 669.25 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.