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Stock analysis Elgi Equipments Limited ELGIEQUIP

More indepth analysis on MunafaSutra.com

Moving Averages for Elgi Equipments Limited

  • 5Day Average: 571.71
  • 12Day Average: 574.18
  • 20Day Average: 583.92
  • 50Day Average: 607.89
  • 100Day Average: 646.02
  • 150Day Average: 659.5
  • 200Day Average: 651.09

ELGIEQUIP Indicators & signals

Indicator MACD (12,26,9)

576.64, 589.18, -12.18
Indicator MACD is in negative zone

Indicator ADX (14)

24.53, 13.98, 23.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ELGIEQUIP Elgi Equipments Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 565.25 560.00 to 571.85 0.12% 0.72 times
09 Thu Jan 2025 564.55 561.25 to 588.90 -2.11% 0.86 times
08 Wed Jan 2025 576.70 572.30 to 581.70 -0.1% 0.6 times
07 Tue Jan 2025 577.30 566.70 to 584.25 0.44% 1.05 times
06 Mon Jan 2025 574.75 568.10 to 579.80 -0.32% 1.05 times
03 Fri Jan 2025 576.60 575.15 to 587.70 0.01% 1.79 times
02 Thu Jan 2025 576.55 567.30 to 582.15 -0.15% 1.03 times
01 Wed Jan 2025 577.40 574.70 to 584.95 -0.41% 0.61 times
31 Tue Dec 2024 579.80 560.05 to 582.00 3.1% 0.89 times
30 Mon Dec 2024 562.35 560.00 to 575.50 -1.87% 0.93 times
27 Fri Dec 2024 573.05 561.95 to 592.25 -2.18% 1.19 times
26 Thu Dec 2024 585.80 581.80 to 591.85 0.04% 0.56 times

Technical analysis forecast for Elgi Equipments Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Elgi Equipments Limited ELGIEQUIP at this time. Stock is falling and might fall more.

It appears as if Elgi Equipments Limited ELGIEQUIP gave a large move recently.

Stock of Elgi Equipments Limited (ELGIEQUIP) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Elgi Equipments Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Elgi Equipments Limited stays below 570.3, but if it comes above 570.3, then a intra day buy could be more profitable.
If you take a sell trade below 570.3, then use 570.3 as stoploss and 553.7 as target. However if you take a buy trade in Elgi Equipments Limited, then use 570.3 as stoploss and 584.17 as target.

More indepth analysis on MunafaSutra.com