(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 2024-08-19 View latest technical analysis
10 day averaged volume of Elgi Equip is 10827
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 633.50 | 610.00 | 635.65 | 605.00 | 1.403 times |
| 16 Fri Aug 2024 | 599.95 | 608.40 | 611.35 | 593.00 | 0.929 times |
| 14 Wed Aug 2024 | 603.25 | 619.60 | 619.60 | 592.70 | 0.372 times |
| 13 Tue Aug 2024 | 611.35 | 628.45 | 628.45 | 608.00 | 0.988 times |
| 12 Mon Aug 2024 | 622.00 | 620.00 | 632.00 | 619.70 | 0.773 times |
| 09 Fri Aug 2024 | 630.65 | 635.00 | 636.30 | 629.05 | 0.657 times |
| 08 Thu Aug 2024 | 633.05 | 650.60 | 650.60 | 629.20 | 0.727 times |
| 07 Wed Aug 2024 | 640.05 | 641.85 | 652.20 | 632.00 | 1.007 times |
| 06 Tue Aug 2024 | 641.85 | 646.15 | 667.00 | 633.80 | 1.699 times |
| 05 Mon Aug 2024 | 642.25 | 670.00 | 677.30 | 635.75 | 1.373 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 as stoploss in an intra day buy trade for a target of 660.85. However, stock will show a bearish move below 623.
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 541.85 |
| Downside Target | 584.70 |
| Downside Target | 605.00 |
| Downside Target | 629.05 |
| Upside Target | 652.15 |
| Upside Target | 669.10 |
| Upside Target | 677.30 |
| Upside Target | 680.80 |
| Upside Target | 719.90 |
| Upside Target | 737.90 |
| Upside Target | 763.25 |
| Upside Target | 774.00 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 613.78 |
| Downside Intraday Target | 594.07 |
| Upside Intraday Target | 644.43 |
| Upside Intraday Target | 655.37 |
| Downside Intraday Target | 624.72 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Mon Aug 2024 | 633.50 | 610.00 | 635.65 | 605.00 | 0.458 times |
| 16 Fri Aug 2024 | 599.95 | 620.00 | 632.00 | 592.70 | 0.561 times |
| 09 Fri Aug 2024 | 630.65 | 670.00 | 677.30 | 629.05 | 0.789 times |
| 02 Fri Aug 2024 | 687.90 | 705.55 | 737.90 | 680.80 | 0.049 times |
| 26 Fri Jul 2024 | 705.55 | 655.00 | 719.90 | 652.15 | 44.843 times |
Price has moved up 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 Mon Aug 2024 | 633.50 | 696.05 | 737.90 | 592.70 | 0.092 times |
| 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 |
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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Elgi Equip stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Elgi Equip in short term and the sell 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 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 below the red 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 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 629.21 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Elgi Equip stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Elgi Equip in short term and the sell 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 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 below the red 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 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 629.21 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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