(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 13675
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 623.25 | 620.15 | 627.30 | 618.85 | 0.535 times |
| 15 Wed May 2024 | 620.50 | 625.00 | 628.20 | 618.20 | 0.195 times |
| 14 Tue May 2024 | 621.30 | 634.90 | 634.90 | 620.75 | 0.205 times |
| 13 Mon May 2024 | 626.20 | 635.10 | 636.55 | 617.40 | 0.681 times |
| 10 Fri May 2024 | 629.55 | 627.60 | 637.05 | 617.05 | 1.156 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 619.9 as stoploss in an intra day buy trade for a target of 635.34. However, stock will show a bearish move below 619.9.
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 | 636.55 |
| Upside Target | 653.80 |
| 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 | 614.92 |
| Downside Intraday Target | 606.58 |
| Upside Intraday Target | 634.07 |
| Upside Intraday Target | 644.88 |
| Upside Intraday Target | 625.73 |
Weekly technical analysis of Elgi Equip (ElgiEquip)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 623.25 | 635.10 | 636.55 | 617.40 | 0.249 times |
| 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 |
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 |
| 16 Thu May 2024 | 623.25 | 653.55 | 671.35 | 617.05 | 0.317 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 |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 16, 14 | Sell |
| MACD | 0, 5 | Sell |
| Stochastics | 9 | Sell |
| CCI | -77 | Buy |
| RSI | 55 | Buy |
| OBV | 48335 | Sell |
| VWAP | 648 | Sell |
| ADL | 0 | Sell |
| ROC | -5 | Sell |
| Force Index | 0 | Sell |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 losing momentum.
MACD generated a SELL signal for Elgi Equip in short term but the sell signal is initial and weak.
Elgi Equip Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 buy signal for Elgi Equip in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing 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 647.91 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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