(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 2024-10-28 View latest technical analysis
10 day averaged volume of Elgi Equip is 6691
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Mon Oct 2024 | 596.25 | 602.50 | 602.50 | 588.15 | 0.977 times |
| 25 Fri Oct 2024 | 596.80 | 621.25 | 626.65 | 595.00 | 2.246 times |
| 24 Thu Oct 2024 | 628.30 | 630.00 | 631.95 | 620.85 | 1.19 times |
| 23 Wed Oct 2024 | 628.65 | 621.00 | 634.95 | 612.00 | 0.857 times |
| 22 Tue Oct 2024 | 621.95 | 649.10 | 649.10 | 618.00 | 1.397 times |
| 21 Mon Oct 2024 | 648.25 | 659.00 | 659.00 | 645.10 | 0.397 times |
| 18 Fri Oct 2024 | 658.75 | 660.85 | 664.00 | 650.00 | 0.649 times |
| 17 Thu Oct 2024 | 662.90 | 672.35 | 680.40 | 661.85 | 1.451 times |
| 16 Wed Oct 2024 | 680.15 | 685.00 | 685.00 | 671.55 | 0.799 times |
| 15 Tue Oct 2024 | 676.50 | 663.55 | 684.70 | 663.55 | 0.215 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 595.7, for a target of 627.1 or 653.28
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 541.85 |
| Downside Target | 588.15 |
| Upside Target | 624.75 |
| Upside Target | 650.00 |
| Upside Target | 685.00 |
| Upside Target | 694.40 |
| Upside Target | 698.30 |
| Upside Target | 737.90 |
| Upside Target | 752.30 |
| Upside Target | 763.25 |
| Upside Target | 774.00 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 588.77 |
| Downside Intraday Target | 581.28 |
| Upside Intraday Target | 603.12 |
| Upside Intraday Target | 609.98 |
| Downside Intraday Target | 595.63 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Mon Oct 2024 | 596.25 | 602.50 | 602.50 | 588.15 | 0.161 times |
| 25 Fri Oct 2024 | 596.80 | 659.00 | 659.00 | 595.00 | 1.556 times |
| 18 Fri Oct 2024 | 658.75 | 672.85 | 685.00 | 650.00 | 0.442 times |
| 11 Fri Oct 2024 | 672.80 | 681.45 | 694.40 | 624.75 | 2.413 times |
| 03 Thu Oct 2024 | 679.35 | 662.00 | 698.30 | 662.00 | 0.322 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 |
| 28 Mon Oct 2024 | 596.25 | 679.05 | 698.30 | 588.15 | 0.528 times |
| 30 Mon Sep 2024 | 679.10 | 694.55 | 752.30 | 662.00 | 0.571 times |
| 30 Fri Aug 2024 | 694.50 | 696.05 | 737.90 | 592.70 | 0.284 times |
| 31 Wed Jul 2024 | 693.35 | 732.35 | 763.25 | 652.15 | 3.658 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Equip stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Elgi Equip in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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 but selling 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 630.16 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 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Equip stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Elgi Equip in short term and the sell signal is strong.
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 red color and prices are below the red cloud Prices appear to be coming down
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 but selling 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 630.16 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 negative.
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