522074 NEWS why is Elgi Equip price falling or rising

522074 NEWS reasons for why stock price of Elgi Equip is falling or rising

522074 Elgi Equip is falling or rising technical reasons

Technical analysis forecast for Elgi Equip 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 Equip 522074 at this time. Stock is falling and might fall more.

It appears as if Elgi Equip 522074 gave a large move recently.

Stock of Elgi Equip (522074) 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 Equip is bearish for shortterm, and stock might move down till 601.5 or till 574.2. Use a stoploss of 624.25 and if the stock hits stoploss, then it can shoot up till 647.01

522074 Elgi Equip is falling or rising NEWS fundamental reasons

More announcements and NEWS

522074 Elgi Equip current price & indicator signals

Moving Averages for Elgi Equip

  • 5Day Average: 629.29
  • 12Day Average: 625.55
  • 20Day Average: 613.64
  • 50Day Average: 636.78
  • 100Day Average: 590.28
  • 150Day Average: 561.36
  • 200Day Average: 551.01

522074 Indicators & signals

Indicator MACD (12,26,9)

624.5, 624.44, -1.75
Indicator MACD is in positive zone

Indicator ADX (14)

4.5, 25.86, 23.64
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 522074 Elgi Equip are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 623.55 613.80 to 632.10 -0.28% 0.23 times
18 Thu Apr 2024 625.30 622.50 to 641.90 0.48% 0.53 times
16 Tue Apr 2024 622.30 618.50 to 641.90 -1.25% 0.47 times
15 Mon Apr 2024 630.20 600.30 to 635.00 -2.31% 0.95 times
12 Fri Apr 2024 645.10 632.50 to 665.00 2.77% 0.66 times
10 Wed Apr 2024 627.70 610.65 to 632.40 1.53% 0.2 times
09 Tue Apr 2024 618.25 616.50 to 633.35 -2.38% 0.48 times
08 Mon Apr 2024 633.30 630.15 to 648.85 -2.23% 0.51 times
05 Fri Apr 2024 647.75 635.95 to 669.10 -0.91% 1.28 times
04 Thu Apr 2024 653.70 592.95 to 668.15 10.96% 4.6 times
03 Wed Apr 2024 589.15 584.70 to 595.20 -0.19% 0.31 times
02 Tue Apr 2024 590.30 588.30 to 599.45 -0.35% 0.36 times

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522074 NEWS why is Elgi Equip price falling or rising

 

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