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 2784587, out of which 1487434 went into delivery, which is 53.42 percent of total volumes

Volumes in the last session was 417436, out of which 224482 went into delivery, which is 53.78 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

13 Friday March 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 462, for a target of 486 or 505.95

12 Thursday March 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 493.2, but if it comes above 493.2, then a intra day buy could be more profitable.
If you take a sell trade below 493.2, then use 493.2 as stoploss and 473.3 as target. However if you take a buy trade in Elgi Equipments, then use 493.2 as stoploss and 509.79 as target.

11 Wednesday March 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 495.8 as stoploss in an intra day buy trade for a target of 511.8. However, stock will show a bearish move below 495.8.

10 Tuesday March 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 529.4 or till 549.1. Use a stoploss of 512.93 and if this stock hits its stoploss, then it can fall down till 496.48

09 Monday March 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 495.2 or till 474.7. Use a stoploss of 512.38 and if the stock hits stoploss, then it can shoot up till 529.52

06 Friday March 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 531.6 or till 553.8. Use a stoploss of 513.16 and if this stock hits its stoploss, then it can fall down till 494.69

05 Thursday March 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 532.2 or till 555.9. Use a stoploss of 512.55 and if this stock hits its stoploss, then it can fall down till 492.86

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 506.98

Munafa value: 25

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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