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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)

10 day averaged volume of Elgi Equip is 70461

Date Daily Closing Price Open High Low Volume
27 Mon Sep 2021 207.05 206.40 211.00 206.25 0.259 times
24 Fri Sep 2021 205.30 214.35 218.15 198.40 0.836 times
23 Thu Sep 2021 214.00 211.20 219.95 210.00 0.762 times
22 Wed Sep 2021 207.95 205.00 211.75 204.75 0.161 times
21 Tue Sep 2021 203.50 199.20 208.90 199.20 0.247 times
20 Mon Sep 2021 202.50 206.90 210.60 201.10 0.324 times
17 Fri Sep 2021 212.20 211.45 214.50 202.65 0.392 times
16 Thu Sep 2021 212.15 215.00 217.55 208.30 0.985 times
15 Wed Sep 2021 214.50 198.25 216.00 198.25 5.988 times
14 Tue Sep 2021 198.30 199.10 201.95 197.90 0.141 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 209.2 as stoploss in an intra day sell trade for a target of 203.24. However, stock will show a bullish move above 209.2.

Share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Target 191.60
Upside Target 209.90
Upside Target 211.00
Upside Target 217.55
Upside Target 219.95
Upside Target 221.15
Upside Target 226.50
Upside Target 228.20
Upside Target 228.35

Intraday share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Intraday Target 205.2
Downside Intraday Target 203.35
Upside Intraday Target 209.95
Upside Intraday Target 212.85
Upside Intraday Target 208.1

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date Weekly Closing Price Open High Low Volume
27 Mon Sep 2021 207.05 206.40 211.00 206.25 0.111 times
24 Fri Sep 2021 205.30 206.90 219.95 198.40 0.304 times
17 Fri Sep 2021 212.20 196.45 217.55 196.45 1.814 times
09 Thu Sep 2021 201.20 198.50 209.90 196.40 2.707 times
03 Fri Sep 2021 199.60 196.00 202.60 192.10 1.317 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
27 Mon Sep 2021 207.05 200.20 219.95 195.20 0.885 times
31 Tue Aug 2021 197.65 223.00 228.35 191.60 1.773 times
30 Fri Jul 2021 219.10 209.00 228.20 203.00 0.357 times
30 Wed Jun 2021 207.35 210.00 221.15 202.00 4.772 times

Scroll below to view daily charts

Price has moved up 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)

Indicator Name Indicator Value Indicator Signal
ADX 21, 20, 2 Buy
MACD 2, 1Buy
Stochastics 51None
CCI 6Buy
RSI 49Sell
OBV 258742Sell
VWAP 212Sell
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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 to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 gaining momentum.

MACD generated a BUY signal for Elgi Equip in short term and the buy signal is strong.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Equip in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 212.21 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

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Daily charts

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Daily chart

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