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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 2024-12-02 View latest technical analysis

10 day averaged volume of Elgi Equipments is 933277

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.084 times
29 Fri Nov 2024	639.85	639.00	647.65	633.00	0.118 times
28 Thu Nov 2024	633.80	636.70	648.80	631.00	0.186 times
27 Wed Nov 2024	636.70	645.00	645.80	630.90	0.34 times
26 Tue Nov 2024	653.65	640.00	673.90	630.80	2.114 times
25 Mon Nov 2024	640.75	569.00	668.00	569.00	5.987 times
22 Fri Nov 2024	559.40	557.90	567.35	551.20	0.152 times
21 Thu Nov 2024	553.15	551.05	571.90	549.00	0.15 times
19 Tue Nov 2024	556.65	565.00	568.95	546.80	0.442 times
18 Mon Nov 2024	559.80	590.00	590.00	557.85	0.185 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 656 as stoploss in an intra day sell trade for a target of 618.14. However, stock will show a bullish move above 656.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	562.40
Downside Target	588.05
Downside Target	634.10
Upside Target	651.90
Upside Target	659.90
Upside Target	662.60
Upside Target	673.90
Upside Target	698.90
Upside Target	738.00
Upside Target	752.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	638.77
Downside Intraday Target	629.73
Upside Intraday Target	654.37
Upside Intraday Target	660.93
Downside Intraday Target	645.33

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.01 times
29 Fri Nov 2024	639.85	569.00	673.90	569.00	9.408 times
22 Fri Nov 2024	559.40	590.00	590.00	546.80	1.163 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

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
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.008 times
29 Fri Nov 2024	639.85	662.55	673.90	546.80	2.111 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

Scroll below to view daily charts

Price has moved up 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 definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Equipments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term but buying 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 635.36 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 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 is giving positive 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.