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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 85248

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 212.20 211.45 214.50 202.65 0.324 times
16 Thu Sep 2021 212.15 215.00 217.55 208.30 0.814 times
15 Wed Sep 2021 214.50 198.25 216.00 198.25 4.95 times
14 Tue Sep 2021 198.30 199.10 201.95 197.90 0.117 times
13 Mon Sep 2021 199.05 196.45 202.25 196.45 0.135 times
09 Thu Sep 2021 201.20 202.00 205.00 200.25 0.111 times
08 Wed Sep 2021 202.55 198.05 209.90 196.40 0.611 times
07 Tue Sep 2021 197.85 201.90 201.90 197.00 2.637 times
06 Mon Sep 2021 198.00 198.50 200.95 197.25 0.137 times
03 Fri Sep 2021 199.60 195.25 201.50 195.20 0.194 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 213, for a target of 206 or 200.12

Share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Target 191.60
Downside Target 202.00
Downside Target 204.45
Downside Target 207.75
Downside Target 209.90
Upside Target 217.55
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 199.92
Downside Intraday Target 187.63
Upside Intraday Target 221.02
Upside Intraday Target 229.83
Downside Intraday Target 208.73

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date Weekly Closing Price Open High Low Volume
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
27 Fri Aug 2021 194.10 200.00 204.45 191.60 1.172 times
20 Fri Aug 2021 201.70 204.20 207.75 194.40 0.338 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
17 Fri Sep 2021 212.20 200.20 217.55 195.20 0.735 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 26, 16, 25 Buy
MACD 1, -2Buy
Stochastics 82Buy
CCI 98Sell
RSI 61Buy
OBV 167797Sell
VWAP 208Buy
ADL 0Sell
ROC 8Buy
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 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

ADX buy sell signal for Elgi Equip stock for short term is BUY. Signal strength is Strong and stock is losing 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Equip in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 208.07 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.

Click here for Elgi Equip charts

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Daily charts

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Daily chart

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