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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 36991

Date Daily Closing Price Open High Low Volume
11 Fri Jun 2021 214.30 217.00 218.00 213.70 0.437 times
10 Thu Jun 2021 214.85 215.00 216.55 213.85 5.999 times
09 Wed Jun 2021 213.85 216.50 220.00 210.60 0.381 times
08 Tue Jun 2021 214.10 213.05 216.30 212.00 0.223 times
07 Mon Jun 2021 214.50 213.60 217.00 213.60 0.859 times
04 Fri Jun 2021 213.05 213.00 215.25 211.30 0.264 times
03 Thu Jun 2021 211.00 203.05 213.50 202.00 0.375 times
02 Wed Jun 2021 204.30 207.00 207.90 202.00 0.41 times
01 Tue Jun 2021 205.45 210.00 210.30 202.45 0.426 times
31 Mon May 2021 208.85 210.00 212.60 205.45 0.371 times

My analysis of stock is bullish for shortterm, and stock might move up till 216.1 or till 220.2. Use a stoploss of 212.7 and if this stock hits its stoploss, then it can fall down till 209.28

Share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Target 155.90
Downside Target 173.15
Downside Target 186.75
Downside Target 192.30
Downside Target 202.00
Downside Target 210.60
Upside Target 215.25
Upside Target 220.00
Upside Target 222.00
Upside Target 226.15
Upside Target 226.50
Upside Target 244.00

Intraday share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Intraday Target 209.93
Downside Intraday Target 205.57
Upside Intraday Target 219.33
Upside Intraday Target 224.37
Upside Intraday Target 214.97

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date Weekly Closing Price Open High Low Volume
11 Fri Jun 2021 214.30 213.60 220.00 210.60 4.28 times
04 Fri Jun 2021 213.05 210.00 215.25 202.00 0.367 times
28 Fri May 2021 209.55 221.50 226.15 202.00 2.791 times
21 Fri May 2021 215.50 205.85 219.35 203.00 1.122 times
14 Fri May 2021 205.05 220.00 222.00 202.05 0.777 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equip (ElgiEquip)

Date Monthly Closing Price Open High Low Volume
11 Fri Jun 2021 214.30 210.00 220.00 202.00 0.861 times
31 Mon May 2021 208.85 206.70 226.50 202.00 0.782 times
30 Fri Apr 2021 213.40 191.55 244.00 186.75 1.581 times
31 Wed Mar 2021 190.20 186.00 218.70 173.15 0.941 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 22, 15, 17 Buy
MACD 3, 3Buy
Stochastics 69None
CCI 69Buy
RSI 63Buy
OBV 219632Sell
VWAP 213Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

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

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 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 213.46 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 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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Daily charts

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