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(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 2024-12-20 View latest technical analysis

10 day averaged volume of Elgi Equip is 7476

Date	Daily Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	595.85	608.20	613.45	591.60	1.232 times
19 Thu Dec 2024	608.20	601.95	609.70	590.45	1.481 times
18 Wed Dec 2024	602.15	604.20	604.45	594.20	1.293 times
17 Tue Dec 2024	602.75	602.80	608.95	600.10	0.884 times
16 Mon Dec 2024	605.75	610.60	626.00	600.05	1.407 times
13 Fri Dec 2024	604.70	603.60	612.65	598.80	0.917 times
12 Thu Dec 2024	611.40	613.55	616.95	609.05	0.735 times
11 Wed Dec 2024	618.20	620.45	625.80	616.20	0.633 times
10 Tue Dec 2024	622.40	625.50	631.75	620.25	0.442 times
09 Mon Dec 2024	624.90	641.00	641.00	621.80	2.042 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 607.8, but if it comes above 607.8, then a intra day buy could be more profitable.
If you take a sell trade below 607.8, then use 607.8 as stoploss and 583.2 as target. However if you take a buy trade in stock , then use 607.8 as stoploss and 628.26 as target.

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	582.2
Downside Intraday Target	568.55
Upside Intraday Target	617.75
Upside Intraday Target	639.65
Upside Intraday Target	604.1

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Fri Dec 2024	595.85	610.60	626.00	590.45	1.32 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
20 Fri Dec 2024	595.85	652.65	669.00	590.45	0.374 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 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 BUY. Signal strength is Weak and stock is losing 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 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 and SELL signal is strong!

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 609.51 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.