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 2925399, out of which 1282243 went into delivery, which is 43.83 percent of total volumes

Volumes in the last session was 574129, out of which 230981 went into delivery, which is 40.23 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

Elgi Equipments ELGIEQUIP intraday stock tips

10 Thursday September 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 631.8 or till 645.3. Use a stoploss of 620.44 and if this stock hits its stoploss, then it can fall down till 609.13

09 Wednesday September 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 604.9 or till 586.3. Use a stoploss of 620.32 and if the stock hits stoploss, then it can shoot up till 635.78

08 Tuesday September 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 639 as stoploss in an intra day sell trade for a target of 620.48. However, stock will show a bullish move above 639.

07 Monday September 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 639.3, but if it comes below 639.3, then a intra day sell could be more profitable.
If you take a sell trade below 639.3, then use 639.3 as stoploss and 618.62 as target. However if you take a buy trade in Elgi Equipments, then use 639.3 as stoploss and 664.1 as target.

04 Friday September 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 637.2, but if it comes below 637.2, then a intra day sell could be more profitable.
If you take a sell trade below 637.2, then use 637.2 as stoploss and 616.12 as target. However if you take a buy trade in Elgi Equipments, then use 637.2 as stoploss and 662.6 as target.

03 Thursday September 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 stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 634.2 as stoploss in an intra day sell trade for a target of 613.39. However, stock will show a bullish move above 634.2.

02 Wednesday September 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 632.5 or till 657.5. Use a stoploss of 611.6 and if this stock hits its stoploss, then it can fall down till 590.72

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 628

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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