(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.
10 day averaged volume of Elgi Equipments is 1700912
| Date | Daily Closing Price | Open | High | Low | Volume |
| 26 Fri Nov 2021 | 259.65 | 257.00 | 267.00 | 255.00 | 0.56 times |
| 25 Thu Nov 2021 | 264.85 | 261.00 | 280.70 | 254.05 | 2.072 times |
| 24 Wed Nov 2021 | 267.20 | 235.45 | 273.95 | 233.75 | 5.264 times |
| 23 Tue Nov 2021 | 230.50 | 210.40 | 233.90 | 208.00 | 1.339 times |
| 22 Mon Nov 2021 | 212.65 | 215.00 | 218.10 | 210.35 | 0.25 times |
| 18 Thu Nov 2021 | 212.85 | 215.00 | 215.00 | 208.15 | 0.08 times |
| 17 Wed Nov 2021 | 211.85 | 214.90 | 215.85 | 208.90 | 0.147 times |
| 16 Tue Nov 2021 | 215.45 | 223.50 | 225.00 | 214.40 | 0.232 times |
| 15 Mon Nov 2021 | 220.15 | 219.40 | 226.50 | 217.00 | 0.444 times |
| 12 Fri Nov 2021 | 214.50 | 214.00 | 216.20 | 212.05 | 0.059 times |
Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 264.5, for a target of 239.3 or 218.35
Share price targets for Elgi Equipments (ELGIEQUIP)
| Target Type | Value |
| Downside Target | 191.30 |
| Downside Target | 208.00 |
| Downside Target | 208.15 |
| Downside Target | 208.55 |
| Downside Target | 220.00 |
| Downside Target | 226.50 |
| Downside Target | 228.00 |
| Downside Target | 228.80 |
| Upside Target | 280.70 |
Intraday share price targets for Elgi Equipments (ELGIEQUIP)
| Target Type | Value |
| Downside Intraday Target | 218.2 |
| Downside Intraday Target | 176.75 |
| Upside Intraday Target | 290.9 |
| Upside Intraday Target | 322.15 |
| Downside Intraday Target | 249.45 |
Weekly technical analysis of Elgi Equipments (ELGIEQUIP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 26 Fri Nov 2021 | 259.65 | 215.00 | 280.70 | 208.00 | 10.518 times |
| 18 Thu Nov 2021 | 212.85 | 219.40 | 226.50 | 208.15 | 0.271 times |
| 12 Fri Nov 2021 | 214.50 | 202.00 | 228.00 | 199.25 | 31.081 times |
| 04 Thu Nov 2021 | 200.70 | 199.20 | 203.40 | 198.35 | 0.492 times |
| 29 Fri Oct 2021 | 199.00 | 200.20 | 202.00 | 195.10 | 0.554 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Elgi Equipments (ELGIEQUIP)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 26 Fri Nov 2021 | 259.65 | 199.20 | 280.70 | 198.35 | 9.907 times |
| 29 Fri Oct 2021 | 199.00 | 205.00 | 208.55 | 195.10 | 0.365 times |
| 30 Thu Sep 2021 | 205.45 | 197.05 | 220.00 | 195.00 | 0.61 times |
| 31 Tue Aug 2021 | 197.50 | 222.50 | 228.80 | 191.30 | 0.847 times |
Scroll below to view daily charts
Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.
Indicators analysis of Elgi Equipments (ELGIEQUIP)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 47, 5, 81 | Buy |
| MACD | 21, 13 | Buy |
| Stochastics | 80 | Buy |
| CCI | 107 | Sell |
| RSI | 75 | Buy |
| OBV | 11779246 | Sell |
| VWAP | 256 | Buy |
| ADL | 0 | Sell |
| ROC | 21 | Buy |
| Force Index | 0 | Sell |
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 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 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 mid to longer 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.
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 and the buy signal is strong.
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 tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Elgi Equipments in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying 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 255.68 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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