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

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

Elgi Equipments Limited (ELGIEQUIP) Indicator analysis

Moving Averages for Elgi Equipments Limited

  • 5Day Average: 530.18
  • 12Day Average: 539.78
  • 20Day Average: 538.99
  • 50Day Average: 561.91
  • 100Day Average: 599.85
  • 150Day Average: 628.74
  • 200Day Average: 638.75

ELGIEQUIP Indicators & signals

Indicator MACD (12,26,9)

534.62, 543.76, -7.47
Indicator MACD is in negative zone

Indicator ADX (14)

15.41, 21.74, 29.67
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
14 Fri Feb 2025 491.05 486.10 to 524.00 -6.71% 0.52 times
13 Thu Feb 2025 526.35 521.00 to 553.45 -4.37% 0.47 times
12 Wed Feb 2025 550.40 530.00 to 575.00 2.64% 5.77 times
11 Tue Feb 2025 536.25 521.45 to 539.00 -1.94% 0.36 times
10 Mon Feb 2025 546.85 544.00 to 561.65 -2.09% 0.16 times
07 Fri Feb 2025 558.55 554.85 to 565.75 -0.52% 0.15 times
06 Thu Feb 2025 561.45 544.05 to 564.00 2.8% 0.34 times
05 Wed Feb 2025 546.15 535.15 to 551.40 0.91% 0.27 times
04 Tue Feb 2025 541.25 538.00 to 554.00 -1.2% 0.15 times
03 Mon Feb 2025 547.85 530.00 to 567.30 1.28% 1.92 times
31 Fri Jan 2025 540.90 529.75 to 543.50 2.01% 0.4 times
30 Thu Jan 2025 530.25 525.15 to 542.00 1.04% 0.2 times

Elgi Equipments Limited stock tips (delivery Volume analysis)

Total 5 day volume for Elgi Equipments Limited is 3217721, out of which 473134 went into delivery, which is 14.7 percent of total volumes

Volumes in the last session was 229678, out of which 80715 went into delivery, which is 35.14 percent of total volumes.

Deliveries are extremely low, which means that most trades are getting squared off within the intra day itself. It will not be safe to invest or hold the stock for long. However, intra day trend might continue.

Elgi Equipments ELGIEQUIP intraday stock tips

14 Friday February 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.

Although my analysis for Elgi Equipments 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 505.2, for a target of 524 or 539.75

13 Thursday February 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 533.4, but if it comes above 533.4, then a intra day buy could be more profitable.
If you take a sell trade below 533.4, then use 533.4 as stoploss and 519.7 as target. However if you take a buy trade in Elgi Equipments, then use 533.4 as stoploss and 544.87 as target.

12 Wednesday February Stock tips for Elgi Equipments (ELGIEQUIP) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Elgi Equipments is bullish for shortterm, and stock might move up till 557.9 or till 571.1. Use a stoploss of 546.82 and if this stock hits its stoploss, then it can fall down till 535.78

11 Tuesday February 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 535 as stoploss in an intra day buy trade for a target of 546.44. However, stock will show a bearish move below 535.

10 Monday February 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 536 or till 522.3. Use a stoploss of 547.51 and if the stock hits stoploss, then it can shoot up till 558.97

07 Friday February Stock tips for Elgi Equipments (ELGIEQUIP) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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

My analysis of Elgi Equipments is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 559.2 as stoploss in an intra day sell trade for a target of 547.58. However, stock will show a bullish move above 559.2.

06 Thursday February Stock tips for Elgi Equipments (ELGIEQUIP) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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 557.3, but if it comes below 557.3, then a intra day sell could be more profitable.
If you take a sell trade below 557.3, then use 557.3 as stoploss and 546.43 as target. However if you take a buy trade in Elgi Equipments, then use 557.3 as stoploss and 570.3 as target.

Elgi Equipments ELGIEQUIP tips for tomorrow

Tomorrow's movement Prediction of Elgi Equipments ELGIEQUIP appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

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 544.28

Tomorrow's movement Prediction of Elgi Equipments ELGIEQUIP is strongly bearish. It has broken a strong support of 544 and is expected to move down further.

Munafa value: 10

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

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

 

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