Munafa Elgi Equipments Limited (ELGIEQUIP) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Elgi Equipments Limited (ELGIEQUIP) Indicator analysis

Elgi Equipments Limited stock tips (delivery Volume analysis)

Total 5 day volume for Elgi Equipments Limited is 1357656, out of which 714025 went into delivery, which is 52.59 percent of total volumes

Volumes in the last session was 226759, out of which 93361 went into delivery, which is 41.17 percent of total volumes.

Its safe to say that enough delivery is being taken in the stock to conclude that the trend below will continue for a couple of days.

Elgi Equipments ELGIEQUIP intraday stock tips

15 Friday May Stock tips for Elgi Equipments Stock 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...

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

My analysis of Elgi Equipments is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 521.9 as stoploss in an intra day buy trade for a target of 535.45. However, stock will show a bearish move below 521.9.

14 Thursday May Stock tips for Elgi Equipments Stock 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.

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

My analysis of Elgi Equipments is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 524.2 as stoploss in an intra day buy trade for a target of 536.73. However, stock will show a bearish move below 524.2.

13 Wednesday May Stock tips for Elgi Equipments Stock 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.

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

My analysis of Elgi Equipments is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Elgi Equipments stays below 526.1, but if it comes above 526.1, then a intra day buy could be more profitable.
If you take a sell trade below 526.1, then use 526.1 as stoploss and 511.7 as target. However if you take a buy trade in Elgi Equipments, then use 526.1 as stoploss and 538.03 as target.

12 Tuesday May Stock tips for Elgi Equipments Stock 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.

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

My analysis of Elgi Equipments is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Elgi Equipments stays below 527.8, but if it comes above 527.8, then a intra day buy could be more profitable.
If you take a sell trade below 527.8, then use 527.8 as stoploss and 513 as target. However if you take a buy trade in Elgi Equipments, then use 527.8 as stoploss and 540.08 as target.

11 Monday May Stock tips for Elgi Equipments Stock 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.

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

My analysis of Elgi Equipments is bearish for shortterm, and stock might move down till 528.4 or till 512.3. Use a stoploss of 541.88 and if the stock hits stoploss, then it can shoot up till 555.35

08 Friday May Stock tips for Elgi Equipments (ELGIEQUIP) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

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

My analysis of Elgi Equipments is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Elgi Equipments stays above 558.8, but if it comes below 558.8, then a intra day sell could be more profitable.
If you take a sell trade below 558.8, then use 558.8 as stoploss and 541.89 as target. However if you take a buy trade in Elgi Equipments, then use 558.8 as stoploss and 579.2 as target.

07 Thursday May Stock tips for Elgi Equipments (ELGIEQUIP) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

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

My analysis of Elgi Equipments is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Elgi Equipments stays above 559.4, but if it comes below 559.4, then a intra day sell could be more profitable.
If you take a sell trade below 559.4, then use 559.4 as stoploss and 540.08 as target. However if you take a buy trade in Elgi Equipments, then use 559.4 as stoploss and 582.6 as target.

Elgi Equipments ELGIEQUIP tips for tomorrow

Tomorrow's movement Prediction of Elgi Equipments ELGIEQUIP is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 549.55

Munafa value: 40

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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