ELGIEQUIP NEWS why is Elgi Equipments Limited price falling or rising

ELGIEQUIP NEWS reasons for why stock price of Elgi Equipments Limited is falling or rising

ELGIEQUIP Elgi Equipments is falling or rising technical reasons

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

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

Stock of Elgi Equipments (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 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

ELGIEQUIP Elgi Equipments is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-04-19

Company Announcement Elgi Equipments Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 - NEWS as on 2024-04-09

Company Announcement Elgi Equipments Limited has informed the Exchange about Loss of Share Certificates - NEWS as on 2024-04-03

Company Announcement Elgi Equipments Limited has informed the Exchange regarding 'Intimation - Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015'. - NEWS as on 2024-03-22

More announcements and NEWS

ELGIEQUIP Elgi Equipments Limited current price & indicator signals

Moving Averages for Elgi Equipments Limited

  • 5Day Average: 628.32
  • 12Day Average: 625.15
  • 20Day Average: 613.44
  • 50Day Average: 636.72
  • 100Day Average: 590.41
  • 150Day Average: 561.48
  • 200Day Average: 551.08

ELGIEQUIP Indicators & signals

Indicator MACD (12,26,9)

624.18, 624.26, -1.94
Indicator MACD is in negative zone

Indicator ADX (14)

9.8, 26.13, 21.46
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
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
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

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ELGIEQUIP NEWS why is Elgi Equipments Limited price falling or rising

 

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