(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 2024-12-18 View latest technical analysis
10 day averaged volume of Elgi Equip is 6248
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 602.15 | 604.20 | 604.45 | 594.20 | 1.548 times |
| 17 Tue Dec 2024 | 602.75 | 602.80 | 608.95 | 600.10 | 1.058 times |
| 16 Mon Dec 2024 | 605.75 | 610.60 | 626.00 | 600.05 | 1.683 times |
| 13 Fri Dec 2024 | 604.70 | 603.60 | 612.65 | 598.80 | 1.097 times |
| 12 Thu Dec 2024 | 611.40 | 613.55 | 616.95 | 609.05 | 0.879 times |
| 11 Wed Dec 2024 | 618.20 | 620.45 | 625.80 | 616.20 | 0.758 times |
| 10 Tue Dec 2024 | 622.40 | 625.50 | 631.75 | 620.25 | 0.529 times |
| 09 Mon Dec 2024 | 624.90 | 641.00 | 641.00 | 621.80 | 2.444 times |
| 06 Fri Dec 2024 | 645.45 | 645.05 | 647.95 | 641.60 | 0.198 times |
| 05 Thu Dec 2024 | 650.20 | 660.20 | 660.20 | 648.55 | 0.677 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 594.7 as stoploss in an intra day buy trade for a target of 623.71. However, stock will show a bearish move below 594.7.
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 545.05 |
| Downside Target | 565.60 |
| Downside Target | 588.15 |
| Upside Target | 626.00 |
| Upside Target | 662.00 |
| Upside Target | 669.00 |
| Upside Target | 674.70 |
| Upside Target | 676.90 |
| Upside Target | 698.30 |
| Upside Target | 737.90 |
| Upside Target | 752.30 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 588.9 |
| Downside Intraday Target | 575.65 |
| Upside Intraday Target | 620.7 |
| Upside Intraday Target | 639.25 |
| Upside Intraday Target | 607.45 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed Dec 2024 | 602.15 | 610.60 | 626.00 | 594.20 | 0.752 times |
| 13 Fri Dec 2024 | 604.70 | 641.00 | 641.00 | 598.80 | 1.562 times |
| 06 Fri Dec 2024 | 645.45 | 652.65 | 669.00 | 635.90 | 0.122 times |
| 29 Fri Nov 2024 | 640.00 | 569.15 | 674.70 | 565.60 | 5.454 times |
| 22 Fri Nov 2024 | 559.50 | 592.90 | 592.90 | 545.05 | 0.962 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 |
| 18 Wed Dec 2024 | 602.15 | 652.65 | 669.00 | 594.20 | 0.302 times |
| 29 Fri Nov 2024 | 640.00 | 652.05 | 676.90 | 545.05 | 1.526 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 |
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 Weak 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 weakening, and bulls 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 and SELL signal is strong!
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 614.77 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 Weak 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 weakening, and bulls 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 and SELL signal is strong!
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 614.77 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.
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