(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 19196
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 629.55 | 627.60 | 637.05 | 617.05 | 0.823 times |
| 09 Thu May 2024 | 628.15 | 636.65 | 656.90 | 625.00 | 0.31 times |
| 08 Wed May 2024 | 644.70 | 637.00 | 650.00 | 634.50 | 0.3 times |
| 07 Tue May 2024 | 644.50 | 664.40 | 664.40 | 636.50 | 0.811 times |
| 06 Mon May 2024 | 664.45 | 670.80 | 671.35 | 648.05 | 2.384 times |
| 03 Fri May 2024 | 657.70 | 661.90 | 667.00 | 651.55 | 1.346 times |
| 02 Thu May 2024 | 658.65 | 653.55 | 666.65 | 650.20 | 1.213 times |
| 30 Tue Apr 2024 | 651.45 | 653.20 | 665.55 | 647.00 | 1.148 times |
| 29 Mon Apr 2024 | 652.05 | 653.10 | 654.00 | 643.65 | 0.882 times |
| 26 Fri Apr 2024 | 650.45 | 636.65 | 653.80 | 629.00 | 0.563 times |
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 622.2 as stoploss in an intra day buy trade for a target of 637.04. However, stock will show a bearish move below 622.2.
Share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Target | 525.00 |
| Downside Target | 570.05 |
| Downside Target | 582.85 |
| Downside Target | 600.30 |
| Upside Target | 641.90 |
| Upside Target | 665.00 |
| Upside Target | 667.00 |
| Upside Target | 669.10 |
| Upside Target | 671.35 |
| Upside Target | 703.40 |
| Upside Target | 714.50 |
Intraday share price targets for Elgi Equip (ElgiEquip)
| Target Type | Value |
| Downside Intraday Target | 607.28 |
| Downside Intraday Target | 585.02 |
| Upside Intraday Target | 661.58 |
| Upside Intraday Target | 693.62 |
| Upside Intraday Target | 639.32 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Fri May 2024 | 629.55 | 670.80 | 671.35 | 617.05 | 1.008 times |
| 03 Fri May 2024 | 657.70 | 653.10 | 667.00 | 643.65 | 1.375 times |
| 26 Fri Apr 2024 | 650.45 | 636.75 | 653.80 | 606.60 | 0.79 times |
| 19 Fri Apr 2024 | 623.55 | 600.30 | 641.90 | 600.30 | 1.177 times |
| 12 Fri Apr 2024 | 645.10 | 640.05 | 665.00 | 610.65 | 0.273 times |
Price has moved down 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 |
| 10 Fri May 2024 | 629.55 | 653.55 | 671.35 | 617.05 | 0.273 times |
| 30 Tue Apr 2024 | 651.45 | 612.90 | 669.10 | 584.70 | 1.239 times |
| 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 |
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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Elgi Equip in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Elgi Equip in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Equip is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 653 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 positive
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 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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Elgi Equip in short term but the sell signal is initial and weak.
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. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Elgi Equip in short term and SELL signal is strong!
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Equip is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 653 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 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
Click here for further forecast and predictions for tomorrow