(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 2024-07-31 View latest technical analysis
10 day averaged volume of Elgi Equip is 157071
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Wed Jul 2024 | 693.35 | 715.70 | 723.25 | 691.00 | 0.053 times |
| 30 Tue Jul 2024 | 709.40 | 721.95 | 721.95 | 697.20 | 0.03 times |
| 29 Mon Jul 2024 | 713.40 | 705.55 | 718.50 | 705.55 | 0.066 times |
| 26 Fri Jul 2024 | 705.55 | 719.90 | 719.90 | 702.00 | 0.027 times |
| 25 Thu Jul 2024 | 698.15 | 690.95 | 708.00 | 682.55 | 0.062 times |
| 24 Wed Jul 2024 | 691.80 | 678.00 | 696.95 | 670.45 | 0.037 times |
| 23 Tue Jul 2024 | 668.85 | 685.00 | 703.00 | 652.15 | 9.541 times |
| 22 Mon Jul 2024 | 680.70 | 655.00 | 682.70 | 653.05 | 0.072 times |
| 19 Fri Jul 2024 | 667.65 | 686.70 | 686.70 | 662.90 | 0.043 times |
| 18 Thu Jul 2024 | 680.25 | 714.95 | 714.95 | 677.85 | 0.06 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 684 as stoploss in an intra day buy trade for a target of 705.43. However, stock will show a bearish move below 684.
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 541.85 |
| Downside Target | 570.05 |
| Downside Target | 584.70 |
| Downside Target | 652.15 |
| Downside Target | 685.00 |
| Upside Target | 714.50 |
| Upside Target | 718.35 |
| Upside Target | 719.90 |
| Upside Target | 723.25 |
| Upside Target | 750.00 |
| Upside Target | 763.25 |
| Upside Target | 774.00 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 681.82 |
| Downside Intraday Target | 670.28 |
| Upside Intraday Target | 714.07 |
| Upside Intraday Target | 734.78 |
| Upside Intraday Target | 702.53 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Wed Jul 2024 | 693.35 | 705.55 | 723.25 | 691.00 | 0.015 times |
| 26 Fri Jul 2024 | 705.55 | 655.00 | 719.90 | 652.15 | 44.843 times |
| 19 Fri Jul 2024 | 667.65 | 717.85 | 718.35 | 662.90 | 0.384 times |
| 12 Fri Jul 2024 | 703.50 | 707.00 | 763.25 | 685.00 | 1.747 times |
| 05 Fri Jul 2024 | 737.15 | 732.35 | 750.00 | 716.55 | 0.701 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 |
| 31 Wed Jul 2024 | 693.35 | 732.35 | 763.25 | 652.15 | 3.658 times |
| 28 Fri Jun 2024 | 717.95 | 625.05 | 774.00 | 541.85 | 1.535 times |
| 31 Fri May 2024 | 611.15 | 653.55 | 671.35 | 588.85 | 0.608 times |
| 30 Tue Apr 2024 | 651.45 | 612.90 | 669.10 | 584.70 | 1.239 times |
Scroll below to view daily charts
Price has moved down this month, and volume has increased substantially. This means that the move can 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 gaining 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 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 in or below 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 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 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 669.92 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 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 negative.
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
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 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 gaining 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 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 in or below 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 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 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 669.92 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 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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