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 Fri Apr 2024 | 623.55 | 613.00 to 633.50 | -0.38% | 0.11 times |
| 18 Thu Apr 2024 | 625.95 | 622.35 to 641.95 | 0.68% | 0.17 times |
| 16 Tue Apr 2024 | 621.70 | 615.50 to 642.00 | -1.31% | 0.26 times |
| 15 Mon Apr 2024 | 629.95 | 604.60 to 635.50 | -1.64% | 0.37 times |
| 12 Fri Apr 2024 | 640.45 | 631.00 to 666.00 | 1.88% | 0.87 times |
| 10 Wed Apr 2024 | 628.65 | 619.00 to 633.90 | 1.61% | 0.18 times |
| 09 Tue Apr 2024 | 618.70 | 616.10 to 634.00 | -2.22% | 0.28 times |
| 08 Mon Apr 2024 | 632.75 | 630.50 to 651.20 | -2.3% | 0.29 times |
| 05 Fri Apr 2024 | 647.65 | 634.00 to 669.00 | -0.87% | 1.15 times |
| 04 Thu Apr 2024 | 653.35 | 592.10 to 666.65 | 10.93% | 6.25 times |
| 03 Wed Apr 2024 | 589.00 | 584.70 to 595.25 | -0.19% | 0.19 times |
| 02 Tue Apr 2024 | 590.15 | 588.10 to 598.85 | -0.33% | 0.19 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.
My analysis of Elgi Equipments Limited is bearish for shortterm, and stock might move down till 601.6 or till 574.7. Use a stoploss of 624.02 and if the stock hits stoploss, then it can shoot up till 646.45