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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 23106

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	657.05	668.65	669.00	654.55	0.183 times
03 Tue Dec 2024	658.90	649.10	665.55	641.90	0.286 times
02 Mon Dec 2024	647.55	652.65	652.65	635.90	0.282 times
29 Fri Nov 2024	640.00	635.00	646.00	632.95	0.2 times
28 Thu Nov 2024	634.45	637.00	649.45	631.30	0.221 times
27 Wed Nov 2024	636.35	650.75	650.75	630.35	0.63 times
26 Tue Nov 2024	653.80	641.10	674.70	632.05	1.998 times
25 Mon Nov 2024	645.20	569.15	667.00	565.60	5.081 times
22 Fri Nov 2024	559.50	573.00	573.00	550.80	0.583 times
21 Thu Nov 2024	553.40	545.05	571.65	545.05	0.343 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 656.7, but if it comes below 656.7, then a intra day sell could be more profitable.
If you take a sell trade below 656.7, then use 656.7 as stoploss and 618.7 as target. However if you take a buy trade in stock , then use 656.7 as stoploss and 702.2 as target.

Share price targets for Elgi Equip (ElgiEquip)

Target Type	Value
Downside Target	545.05
Downside Target	562.85
Downside Target	588.15
Downside Target	635.00
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	638.97
Downside Intraday Target	620.88
Upside Intraday Target	672.07
Upside Intraday Target	687.08
Downside Intraday Target	653.98

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Dec 2024	657.05	652.65	669.00	635.90	0.092 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
14 Thu Nov 2024	584.05	635.00	635.00	562.85	1.744 times
08 Fri Nov 2024	635.65	676.90	676.90	635.00	0.434 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
04 Wed Dec 2024	657.05	652.65	669.00	635.90	0.062 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 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)

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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Equip Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 638.42 and Elgi Equip (ElgiEquip) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.