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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 2024-12-13 View latest technical analysis

10 day averaged volume of Elgi Equipments is 144209

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	603.45	610.00	612.00	599.00	0.764 times
12 Thu Dec 2024	611.50	618.50	618.50	609.00	1.109 times
11 Wed Dec 2024	617.90	629.00	629.20	615.25	1.116 times
10 Tue Dec 2024	621.60	625.35	632.05	620.05	0.947 times
09 Mon Dec 2024	625.35	639.45	639.45	621.70	1.159 times
06 Fri Dec 2024	643.35	650.55	653.20	640.50	0.521 times
05 Thu Dec 2024	650.55	657.05	659.55	646.60	0.495 times
04 Wed Dec 2024	657.15	664.90	669.00	653.10	1.094 times
03 Tue Dec 2024	659.65	647.80	666.20	641.50	2.249 times
02 Mon Dec 2024	647.80	647.00	651.90	636.30	0.544 times

My analysis of stock is bearish for shortterm, and stock might move down till 582.5 or till 540.2. Use a stoploss of 617.85 and if the stock hits stoploss, then it can shoot up till 653.16

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	562.40
Downside Target	588.05
Upside Target	635.00
Upside Target	662.60
Upside Target	669.00
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	588.48
Downside Intraday Target	573.52
Upside Intraday Target	628.93
Upside Intraday Target	654.42
Upside Intraday Target	613.97

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Dec 2024	603.45	639.45	639.45	599.00	1.039 times
06 Fri Dec 2024	643.35	647.00	669.00	636.30	0.087 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

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
13 Fri Dec 2024	603.45	647.00	669.00	599.00	0.142 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 BUY signal in short term and the buying is gaining 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 635.56 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.