(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 2024-11-08 View latest technical analysis
10 day averaged volume of Elgi Equip is 7671
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Fri Nov 2024 | 635.65 | 650.55 | 652.70 | 635.00 | 0.791 times |
| 07 Thu Nov 2024 | 651.35 | 640.60 | 658.55 | 640.60 | 0.196 times |
| 06 Wed Nov 2024 | 651.05 | 655.20 | 655.20 | 645.65 | 0.377 times |
| 05 Tue Nov 2024 | 648.10 | 648.60 | 656.00 | 641.35 | 0.417 times |
| 04 Mon Nov 2024 | 648.50 | 676.90 | 676.90 | 636.65 | 0.894 times |
| 01 Fri Nov 2024 | 662.65 | 652.05 | 667.00 | 652.05 | 0.467 times |
| 31 Thu Oct 2024 | 664.20 | 605.55 | 678.20 | 605.55 | 2.867 times |
| 30 Wed Oct 2024 | 602.40 | 596.00 | 613.90 | 591.60 | 1.295 times |
| 29 Tue Oct 2024 | 594.80 | 596.00 | 600.00 | 591.25 | 0.676 times |
| 28 Mon Oct 2024 | 596.25 | 602.50 | 602.50 | 588.15 | 0.852 times |
My analysis of stock is bearish for shortterm, and stock might move down till 614.8 or till 583. Use a stoploss of 641.33 and if the stock hits stoploss, then it can shoot up till 667.83
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 588.15 |
| Downside Target | 624.75 |
| Upside Target | 650.00 |
| Upside Target | 676.90 |
| Upside Target | 678.20 |
| Upside Target | 685.00 |
| Upside Target | 694.40 |
| Upside Target | 698.30 |
| Upside Target | 737.90 |
| Upside Target | 752.30 |
| Upside Target | 763.25 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 621.47 |
| Downside Intraday Target | 607.28 |
| Upside Intraday Target | 663.37 |
| Upside Intraday Target | 691.08 |
| Upside Intraday Target | 649.18 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Fri Nov 2024 | 635.65 | 676.90 | 676.90 | 635.00 | 0.434 times |
| 01 Fri Nov 2024 | 662.65 | 602.50 | 678.20 | 588.15 | 1.16 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 |
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 |
| 08 Fri Nov 2024 | 635.65 | 652.05 | 676.90 | 635.00 | 0.13 times |
| 31 Thu Oct 2024 | 664.20 | 679.05 | 698.30 | 588.15 | 0.66 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 |
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 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 to mid 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Elgi Equip in short term but the buy signal is initial and weak.
Elgi Equip Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 637.44 and Elgi Equip (ElgiEquip) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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 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 to mid 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Elgi Equip in short term but the buy signal is initial and weak.
Elgi Equip Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.
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 but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 637.44 and Elgi Equip (ElgiEquip) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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