(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)
10 day averaged volume of Elgi Equipments is 292416
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 627.25 | 630.50 | 634.00 | 623.85 | 0.313 times |
| 16 Thu May 2024 | 624.25 | 624.00 | 627.00 | 618.50 | 0.379 times |
| 15 Wed May 2024 | 620.10 | 622.25 | 628.60 | 619.00 | 0.215 times |
| 14 Tue May 2024 | 621.60 | 627.25 | 630.00 | 620.20 | 0.263 times |
| 13 Mon May 2024 | 626.60 | 635.00 | 642.00 | 617.00 | 0.406 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 620.5 as stoploss in an intra day buy trade for a target of 635.54. However, stock will show a bearish move below 620.5.
Share price targets for Elgi Equipments (ELGIEQUIP)
| Target Type | Value |
| Downside Target | 524.00 |
| Downside Target | 576.55 |
| Downside Target | 604.60 |
| Upside Target | 642.00 |
| Upside Target | 644.00 |
| Upside Target | 654.70 |
| Upside Target | 667.00 |
| Upside Target | 669.00 |
| Upside Target | 672.90 |
| Upside Target | 703.95 |
| Upside Target | 714.20 |
Intraday share price targets for Elgi Equipments (ELGIEQUIP)
| Target Type | Value |
| Downside Intraday Target | 615.5 |
| Downside Intraday Target | 603.75 |
| Upside Intraday Target | 640.5 |
| Upside Intraday Target | 653.75 |
| Upside Intraday Target | 628.75 |
Weekly technical analysis of Elgi Equipments (ELGIEQUIP)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 627.25 | 635.00 | 642.00 | 617.00 | 0.187 times |
| 10 Fri May 2024 | 630.85 | 662.80 | 672.90 | 616.55 | 0.951 times |
| 03 Fri May 2024 | 656.30 | 655.00 | 667.00 | 644.00 | 1.981 times |
| 26 Fri Apr 2024 | 650.45 | 625.25 | 654.70 | 606.05 | 1.773 times |
| 19 Fri Apr 2024 | 623.55 | 627.00 | 642.00 | 604.60 | 0.56 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 |
| 17 Fri May 2024 | 627.25 | 654.25 | 672.90 | 616.55 | 0.509 times |
| 30 Tue Apr 2024 | 650.95 | 609.90 | 669.00 | 584.70 | 1.391 times |
| 28 Thu Mar 2024 | 601.70 | 653.45 | 714.20 | 576.55 | 0.601 times |
| 29 Thu Feb 2024 | 652.05 | 611.80 | 703.95 | 582.30 | 1.716 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 16, 14, 6 | Buy |
| MACD | 0, 4 | Sell |
| Stochastics | 13 | Sell |
| CCI | -40 | Buy |
| RSI | 54 | Buy |
| OBV | 671717 | Sell |
| VWAP | 654 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
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 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 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
ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.
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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.
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 653.64 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.
Click here for Elgi Equipments charts
Click here for further forecast and predictions for tomorrow
Stock Exchange charts NSE Stock Exchange BSE Stock Exchange USA Stock Exchange Stock Charts NSE FNO Stock Analysis
NSE Stock Exchange NSE stock market news NSE intraday tips
MNC.News NASDAQ NSE BSE Money SIP
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © MunafaMan.com2024 All Rights reserved.