Stock analysis Elgi Equipments Limited ELGIEQUIP
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Recent prices of ELGIEQUIP Elgi Equipments Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 19 Tue Nov 2024 | 556.65 | 546.80 to 568.95 | -0.56% | 3.27 times |
| 18 Mon Nov 2024 | 559.80 | 557.85 to 590.00 | -4.28% | 1.37 times |
| 14 Thu Nov 2024 | 584.85 | 562.40 to 590.95 | 2.6% | 2.42 times |
| 13 Wed Nov 2024 | 570.05 | 567.05 to 613.65 | -5.39% | 1.84 times |
| 12 Tue Nov 2024 | 602.50 | 599.75 to 633.45 | -3.52% | 1.23 times |
| 11 Mon Nov 2024 | 624.45 | 619.90 to 635.00 | -1.94% | 0.43 times |
| 08 Fri Nov 2024 | 636.80 | 634.10 to 653.00 | -2.2% | 0.36 times |
| 07 Thu Nov 2024 | 651.15 | 650.00 to 659.90 | -0.08% | 0.4 times |
| 06 Wed Nov 2024 | 651.65 | 644.45 to 655.05 | 0.52% | 0.49 times |
| 05 Tue Nov 2024 | 648.25 | 638.85 to 655.80 | -0.05% | 0.72 times |
| 04 Mon Nov 2024 | 648.60 | 636.00 to 657.20 | -2.16% | 0.73 times |
| 01 Fri Nov 2024 | 662.90 | 660.00 to 668.70 | 0.05% | 0.41 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...
Although my analysis for Elgi Equipments Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 544.1, for a target of 583.1 or 615.67