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(ElgiEquip) Elgi Equip complete technical analysis [charts+indicators] | Buy/Sell Elgi Equip | (ElgiEquip) share price targets

Complete technical analysis of Elgi Equip (ElgiEquip) by charts plus indicators, forecast predictions and share price targets for Elgi Equip (ElgiEquip)

Showing technical analysis as on 2024-03-04 View latest technical analysis

10 day averaged volume of Elgi Equip is 18503

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	681.35	688.40	690.00	676.20	1.478 times
02 Sat Mar 2024	687.60	689.80	700.00	660.95	0.461 times
01 Fri Mar 2024	682.25	650.55	696.45	650.55	2.997 times
29 Thu Feb 2024	650.50	614.05	655.40	614.05	0.589 times
28 Wed Feb 2024	626.55	637.95	642.20	619.60	0.895 times
27 Tue Feb 2024	632.60	620.00	635.45	616.45	0.252 times
26 Mon Feb 2024	621.25	640.65	640.65	619.90	0.81 times
23 Fri Feb 2024	631.85	639.90	639.90	625.00	0.372 times
22 Thu Feb 2024	629.10	656.50	656.50	622.50	0.657 times
21 Wed Feb 2024	646.60	631.00	662.60	631.00	1.425 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 674.1, but if it comes below 674.1, then a intra day sell could be more profitable.
If you take a sell trade below 674.1, then use 674.1 as stoploss and 650.63 as target. However if you take a buy trade in stock , then use 674.1 as stoploss and 702.3 as target.

Share price targets for Elgi Equip (ElgiEquip)

Target Type	Value
Downside Target	496.65
Downside Target	525.00
Downside Target	544.95
Downside Target	582.85
Downside Target	607.30
Downside Target	650.55
Downside Target	672.55
Upside Target	690.00
Upside Target	698.50
Upside Target	700.00
Upside Target	703.40

Intraday share price targets for Elgi Equip (ElgiEquip)

Target Type	Value
Downside Intraday Target	675.03
Downside Intraday Target	668.72
Upside Intraday Target	688.83
Upside Intraday Target	696.32
Upside Intraday Target	682.52

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	681.35	688.40	690.00	676.20	0.246 times
02 Sat Mar 2024	687.60	640.65	700.00	614.05	1.297 times
23 Fri Feb 2024	631.85	645.30	672.55	622.50	0.331 times
16 Fri Feb 2024	640.55	692.45	698.50	607.30	1.291 times
09 Fri Feb 2024	678.95	605.15	703.40	582.85	1.912 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 Equip (ElgiEquip)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	681.35	650.55	700.00	650.55	0.144 times
29 Thu Feb 2024	650.50	615.00	703.40	582.85	1.902 times
31 Wed Jan 2024	614.30	543.90	616.95	525.00	0.954 times
29 Fri Dec 2023	543.85	534.05	554.60	503.05	1.073 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 Equip (ElgiEquip)

Price action analysis of Elgi Equip ( (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 Equip ( (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 Equip ( (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 Equip stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elgi Equip 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 Equip 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 coming down

CCI has generated a SELL signal for Elgi Equip in short term but SELL signal is weak.

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 Equip is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 658.72 and Elgi Equip (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 Equip (ElgiEquip) stock. Volume based technical analysis of Elgi Equip (ElgiEquip) stock is negative.

Elgi Equip 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.