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 8514375, out of which 2160767 went into delivery, which is 25.38 percent of total volumes

Volumes in the last session was 609442, out of which 273974 went into delivery, which is 44.95 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

18 Tuesday August 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 604.9, but if it comes below 604.9, then a intra day sell could be more profitable.
If you take a sell trade below 604.9, then use 604.9 as stoploss and 590.29 as target. However if you take a buy trade in Elgi Equipments, then use 604.9 as stoploss and 622.3 as target.

17 Monday August 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.

Although my analysis for Elgi Equipments is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 617.5, for a target of 601.3 or 587.77

14 Friday August 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.

Although my analysis for Elgi Equipments is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 606, for a target of 594 or 583.94

13 Thursday August 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 573.3 as stoploss in an intra day buy trade for a target of 581.25. However, stock will show a bearish move below 573.3.

12 Wednesday August 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 573.9 as stoploss in an intra day buy trade for a target of 581.74. However, stock will show a bearish move below 573.9.

11 Tuesday August 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 574.3, but if it comes above 574.3, then a intra day buy could be more profitable.
If you take a sell trade below 574.3, then use 574.3 as stoploss and 564.6 as target. However if you take a buy trade in Elgi Equipments, then use 574.3 as stoploss and 582.39 as target.

10 Monday August 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 575.3 or till 565.7. Use a stoploss of 583.29 and if the stock hits stoploss, then it can shoot up till 591.27

Elgi Equipments ELGIEQUIP tips for tomorrow

Munafa value: 50

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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