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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 2024-11-19 View latest technical analysis

10 day averaged volume of Elgi Equipments is 125883

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	556.65	565.00	568.95	546.80	3.273 times
18 Mon Nov 2024	559.80	590.00	590.00	557.85	1.374 times
14 Thu Nov 2024	584.85	578.80	590.95	562.40	2.419 times
13 Wed Nov 2024	570.05	610.00	613.65	567.05	1.843 times
12 Tue Nov 2024	602.50	628.00	633.45	599.75	1.232 times
11 Mon Nov 2024	624.45	633.65	635.00	619.90	0.43 times
08 Fri Nov 2024	636.80	651.10	653.00	634.10	0.359 times
07 Thu Nov 2024	651.15	651.65	659.90	650.00	0.397 times
06 Wed Nov 2024	651.65	652.00	655.05	644.45	0.493 times
05 Tue Nov 2024	648.25	638.85	655.80	638.85	0.72 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant fall. This could be a good time to exit from this stock.

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 544.8, for a target of 583.8 or 616.38

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Upside Target	562.40
Upside Target	588.05
Upside Target	634.10
Upside Target	651.00
Upside Target	662.60
Upside Target	668.70
Upside Target	678.00
Upside Target	698.90
Upside Target	738.00
Upside Target	752.95
Upside Target	762.20

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	538.97
Downside Intraday Target	521.28
Upside Intraday Target	582.17
Upside Intraday Target	607.68
Upside Intraday Target	564.48

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	556.65	590.00	590.00	546.80	0.784 times
14 Thu Nov 2024	584.85	633.65	635.00	562.40	2.193 times
08 Fri Nov 2024	636.80	657.00	659.90	634.10	0.284 times
01 Fri Nov 2024	662.90	600.05	678.00	588.05	2.338 times
25 Fri Oct 2024	596.40	652.00	661.95	593.95	0.812 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
19 Tue Nov 2024	556.65	662.55	668.70	546.80	0.358 times
31 Thu Oct 2024	662.55	672.00	698.90	588.05	0.817 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

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 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 weakening, and bulls 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 585.51 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.