(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 2024-03-19 View latest technical analysis
10 day averaged volume of Elgi Equip is 22470
Date | Daily Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 629.10 | 623.75 | 633.40 | 623.75 | 0.25 times |
18 Mon Mar 2024 | 628.55 | 636.65 | 636.65 | 623.30 | 0.188 times |
15 Fri Mar 2024 | 632.60 | 631.05 | 650.40 | 618.25 | 0.857 times |
14 Thu Mar 2024 | 631.05 | 612.60 | 642.00 | 609.80 | 1.023 times |
13 Wed Mar 2024 | 625.10 | 630.05 | 631.75 | 603.95 | 1.022 times |
12 Tue Mar 2024 | 630.55 | 683.20 | 683.20 | 626.25 | 0.745 times |
11 Mon Mar 2024 | 684.20 | 703.40 | 712.00 | 672.30 | 0.623 times |
07 Thu Mar 2024 | 698.50 | 706.95 | 706.95 | 694.00 | 0.332 times |
06 Wed Mar 2024 | 697.05 | 704.55 | 714.50 | 679.30 | 1.401 times |
05 Tue Mar 2024 | 703.60 | 672.90 | 713.55 | 672.90 | 2.591 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 623.4 as stoploss in an intra day buy trade for a target of 652.5. However, stock will show a bearish move below 623.4.
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 | 636.65 |
Upside Target | 672.55 |
Upside Target | 672.90 |
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 | 622.72 |
Downside Intraday Target | 616.33 |
Upside Intraday Target | 636.07 |
Upside Intraday Target | 643.03 |
Upside Intraday Target | 629.68 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
Date | Weekly Closing Price | Open | High | Low | Volume |
19 Tue Mar 2024 | 629.10 | 636.65 | 636.65 | 623.30 | 0.103 times |
15 Fri Mar 2024 | 632.60 | 703.40 | 712.00 | 603.95 | 0.771 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 |
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 |
19 Tue Mar 2024 | 629.10 | 650.55 | 714.50 | 603.95 | 0.464 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Elgi Equip in short term and SELL signal is strong!
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 667.57 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 neutral. A longer time frame might give a better analysis.
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 SELL signal for Elgi Equip in short term and SELL signal is strong!
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 667.57 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.
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