Mobile app version of munafa.co.com
Login or Join
 Learn then Earn

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 13455

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 601.45 580.40 605.00 579.20 4.023 times
27 Wed Mar 2024 579.20 570.05 589.50 570.05 1.035 times
26 Tue Mar 2024 580.50 593.00 593.00 578.60 0.637 times
22 Fri Mar 2024 589.05 595.00 600.00 583.80 0.799 times
21 Thu Mar 2024 596.80 600.60 615.10 593.65 1.239 times
20 Wed Mar 2024 597.75 630.70 630.70 593.80 0.711 times
19 Tue Mar 2024 629.10 623.75 633.40 623.75 0.418 times
18 Mon Mar 2024 628.55 636.65 636.65 623.30 0.314 times
15 Fri Mar 2024 632.60 631.05 650.40 618.25 1.431 times
14 Thu Mar 2024 631.05 612.60 642.00 609.80 1.708 times

Stock of Elgi Equip (ElgiEquip) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 599 as stoploss in an intra day buy trade for a target of 640.34. However, stock will show a bearish move below 599.

Share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Target 496.65
Downside Target 525.00
Downside Target 544.95
Downside Target 570.05
Downside Target 582.85
Upside Target 603.95
Upside Target 636.65
Upside Target 672.90
Upside Target 700.00
Upside Target 703.40
Upside Target 712.00
Upside Target 714.50

Intraday share price targets for Elgi Equip (ElgiEquip)

Target Type Value
Downside Intraday Target 579.33
Downside Intraday Target 557.22
Upside Intraday Target 614.28
Upside Intraday Target 627.12
Downside Intraday Target 592.17

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 601.45 593.00 605.00 570.05 1.635 times
22 Fri Mar 2024 589.05 636.65 636.65 583.80 0.488 times
15 Fri Mar 2024 632.60 703.40 712.00 603.95 0.771 times
07 Thu Mar 2024 698.50 688.40 714.50 672.90 1.121 times
02 Sat Mar 2024 687.60 640.65 700.00 614.05 1.297 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
28 Thu Mar 2024 601.45 650.55 714.50 570.05 0.643 times
29 Thu Feb 2024 650.50 615.00 703.40 582.85 1.902 times
31 Wed Jan 2024 614.30 543.90 616.95 525.00 0.954 times
29 Fri Dec 2023 543.85 534.05 554.60 503.05 1.073 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 neutral. A longer time frame might give a better analysis.

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 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 SELL. Signal strength is Strong 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 red color and prices are below the red cloud Prices appear to be moving up

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

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 606.37 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.

Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 SELL. Signal strength is Strong 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 red color and prices are below the red cloud Prices appear to be moving up

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

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 606.37 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.

Click here for Elgi Equip charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
Back to top | Use Dark Theme