(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 2024-03-14 View latest technical analysis
10 day averaged volume of Elgi Equip is 25311
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 631.05 | 612.60 | 642.00 | 609.80 | 0.908 times |
| 13 Wed Mar 2024 | 625.10 | 630.05 | 631.75 | 603.95 | 0.908 times |
| 12 Tue Mar 2024 | 630.55 | 683.20 | 683.20 | 626.25 | 0.662 times |
| 11 Mon Mar 2024 | 684.20 | 703.40 | 712.00 | 672.30 | 0.553 times |
| 07 Thu Mar 2024 | 698.50 | 706.95 | 706.95 | 694.00 | 0.295 times |
| 06 Wed Mar 2024 | 697.05 | 704.55 | 714.50 | 679.30 | 1.244 times |
| 05 Tue Mar 2024 | 703.60 | 672.90 | 713.55 | 672.90 | 2.3 times |
| 04 Mon Mar 2024 | 681.35 | 688.40 | 690.00 | 676.20 | 1.081 times |
| 02 Sat Mar 2024 | 687.60 | 689.80 | 700.00 | 660.95 | 0.337 times |
| 01 Fri Mar 2024 | 682.25 | 650.55 | 696.45 | 650.55 | 2.191 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 624.5 as stoploss in an intra day buy trade for a target of 653.18. However, stock will show a bearish move below 624.5.
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 | 603.95 |
| Upside Target | 672.55 |
| Upside Target | 672.90 |
| Upside Target | 698.50 |
| Upside Target | 700.00 |
| Upside Target | 703.40 |
| Upside Target | 712.00 |
| Upside Target | 714.50 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 586 |
| Downside Intraday Target | 540.95 |
| Upside Intraday Target | 694.05 |
| Upside Intraday Target | 757.05 |
| Upside Intraday Target | 649 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 631.05 | 703.40 | 712.00 | 603.95 | 0.616 times |
| 07 Thu Mar 2024 | 698.50 | 688.40 | 714.50 | 672.90 | 1.121 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 |
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 |
| 14 Thu Mar 2024 | 631.05 | 650.55 | 714.50 | 603.95 | 0.418 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 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 Equip (ElgiEquip)
Price action analysis of Elgi Equip ( (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 Equip ( (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 Equip ( (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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Elgi Equip in short term but the sell signal is initial and weak.
Elgi Equip 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Elgi Equip in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Elgi Equip is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 676.68 and Elgi Equip (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 Equip (ElgiEquip) stock. Volume based technical analysis of Elgi Equip (ElgiEquip) stock is negative.
Elgi Equip 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.
Price action analysis of Elgi Equip ( (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 Equip ( (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 Equip ( (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 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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Elgi Equip in short term but the sell signal is initial and weak.
Elgi Equip 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 green color and prices are in or below the green cloud Prices appear to be moving up
CCI has generated a buy signal for Elgi Equip in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Elgi Equip is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 676.68 and Elgi Equip (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 Equip (ElgiEquip) stock. Volume based technical analysis of Elgi Equip (ElgiEquip) stock is negative.
Elgi Equip 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 Equip charts
Click here for further forecast and predictions for tomorrow