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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 2024-12-30 View latest technical analysis

10 day averaged volume of Elgi Equipments is 130533

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	562.35	575.30	575.50	560.00	0.875 times
27 Fri Dec 2024	573.05	587.00	592.25	561.95	1.119 times
26 Thu Dec 2024	585.80	586.20	591.85	581.80	0.527 times
24 Tue Dec 2024	585.55	586.00	590.80	581.00	0.892 times
23 Mon Dec 2024	587.90	601.30	603.80	583.00	0.579 times
20 Fri Dec 2024	596.00	613.30	613.55	590.40	2.03 times
19 Thu Dec 2024	608.15	592.80	610.00	590.25	0.699 times
18 Wed Dec 2024	601.95	602.05	607.00	592.55	0.665 times
17 Tue Dec 2024	601.95	610.15	610.15	600.00	0.737 times
16 Mon Dec 2024	604.90	612.95	626.95	600.45	1.909 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 552.2, for a target of 585 or 612.3

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	560.00
Upside Target	575.50
Upside Target	588.05
Upside Target	626.95
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	556.4
Downside Intraday Target	550.45
Upside Intraday Target	571.9
Upside Intraday Target	581.45
Upside Intraday Target	565.95

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	562.35	575.30	575.50	560.00	0.281 times
27 Fri Dec 2024	573.05	601.30	603.80	561.95	0.516 times
20 Fri Dec 2024	596.00	612.95	626.95	590.25	1.073 times
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

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
30 Mon Dec 2024	562.35	647.00	669.00	560.00	0.271 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 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 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 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 591.94 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.