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 2024-10-30 View latest technical analysis

10 day averaged volume of Elgi Equipments is 111976

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	603.10	595.05	613.65	591.25	1.05 times
29 Tue Oct 2024	594.70	591.35	599.40	591.00	0.397 times
28 Mon Oct 2024	595.65	600.05	603.20	588.05	1.044 times
25 Fri Oct 2024	596.40	625.00	628.80	593.95	1.422 times
24 Thu Oct 2024	628.30	628.70	632.00	621.40	0.714 times
23 Wed Oct 2024	628.65	620.60	634.05	611.50	0.739 times
22 Tue Oct 2024	620.65	648.50	653.45	617.00	1.234 times
21 Mon Oct 2024	648.50	652.00	661.95	645.05	0.457 times
18 Fri Oct 2024	658.65	664.00	665.85	649.00	0.722 times
17 Thu Oct 2024	664.15	680.00	681.95	661.45	0.747 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 615.9, but if it comes above 615.9, then a intra day buy could be more profitable.
If you take a sell trade below 615.9, then use 615.9 as stoploss and 579.9 as target. However if you take a buy trade in stock , then use 615.9 as stoploss and 645.89 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	540.15
Downside Target	588.05
Upside Target	613.65
Upside Target	649.00
Upside Target	685.95
Upside Target	695.00
Upside Target	698.90
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	589.55
Downside Intraday Target	576
Upside Intraday Target	615.15
Upside Intraday Target	627.2
Downside Intraday Target	601.6

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Oct 2024	603.10	600.05	613.65	588.05	0.546 times
25 Fri Oct 2024	596.40	652.00	661.95	593.95	0.812 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

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
30 Wed Oct 2024	603.10	672.00	698.90	588.05	0.671 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 SELL. Signal strength is Strong and stock is losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 620.03 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.