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ELGIEQUIP

Unlocking Potential: ELGIEQUIP's Bullish Reversal Signal In the world of trading, spotting key opportunities can make a significant difference. Today, we'll dive into an exciting analysis of ELGIEQUIP, focusing on its current position and what it signals for future price movement. Key Technical Analysis Daily Demand Zone 📉: ELGIEQUIP has recently reached a significant daily demand zone characterized as a Rally Base Rally (RBR) . SMA 200 Support 📊: The stock is currently trading around its daily 200-SMA (Simple Moving Average). This key moving average often serves as a strong support level. Polarity Action 🔄: The current level of ELGIEQUIP was previously a resistance area. According to the principle of polarity, resistance turning into support can be a powerful signal. This transformation adds to the strength of the current support zone. Up Sloping Trendline 📈: ELGIEQUIP is also at an up-sloping trendline where the price has historically found support. This trendline further reinforces the potential for a bullish reversal. Volume Analysis 📉: A critical observation is the declining volume on both daily and weekly timeframes. Lower volume during a downtrend often suggests reduced selling interest, hinting at a potential price bounce. Trade Setup and Strategy Given these factors, ELGIEQUIP presents a low-risk, high-reward trade opportunity. The confluence of demand zone support, SMA 200, trendline support, and low selling volume suggests a strong potential for a bullish reversal. Traders can aim for a minimum target of 1:2 reward-to-risk ratio, making this setup an attractive proposition. Conclusion In summary, ELGIEQUIP's technical setup aligns well with a potential bullish reversal. Remember, trading is about managing risk and seizing opportunities wisely. 🚀 Thank you for your support . Feel free to ask if you have questions. “Success in trading comes from consistent discipline and strategic planning.” This analysis is for educational purposes only and is not a recommendation. I am not a SEBI registered analyst.
NSE:ELGIEQUIPLong
by AfnanTAjuddin
7
ELGIEQUIP | Good for Long |NSE:ELGIEQUIP CMP: 650.45 Reason for Trade : Bullish Trend Entry : Cmp or near Support 560 - 580 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:ELGIEQUIPLong
by Art_of_charting_Knowledge
ELGIEQUIP | Positional Trade📊 DETAILS Sector: Compressors / Pumps Mkt Cap: 18,398 cr Incorporated in 1960, Elgi Equipments Limited along with its subsidiaries, is in the business of manufacturing and supplying Air Compressors ** & Automotive Equipments**. It is also providing related after sales services TTM PE : 45.78 (Low PE) Sector PE : 45.66 Beta : 0.36 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 7.70% away from 52 week high Outperformer - Elgi Equipments up by 6.39% v/s NIFTY 50 up by 0.01% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:ELGIEQUIPLong
by Munish_Jain
Elgiequip (Weekly): Breakout Soon#ELGIEQUIP #breakout #breakoutsoon #breakoutcandidate #Vcppattern #vcpbreakout ELGIEQUIP : Holding Period (1-3 months) >> Beautiful VCP pattern Visible >> Good Volume Contraction Visible >> Good Strength in stock Swing Traders can lock 10% profit & keep trailing Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:ELGIEQUIPLong
by moneyfesttrading
Target 1 achieved in ELGI Equip. Gain of 47%. Target 2 is ON...This is follow-up on ELGI Equipments. Can check link to related ideas. Target 1 achieved. Gain of more than 47%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ELGIEQUIPLong
by MandeepSinghKohli
3
ELGIEQUIP | Good for Long NSE:ELGIEQUIP Reason for Trade : Daily / Weekly BO Cmp : 474.5 Entry : Cmp or near 457 Stop Loss: According to one's Risk Reward ratio #Study, Learn & Earn. If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead. Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action
NSE:ELGIEQUIPLong
by Art_of_charting_Knowledge
ELGIEQUIP - Ichimoku Bullish Breakout Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 502 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:ELGIEQUIPLong
by nikunjbhadja
ELGIEQUIP - Ichimoku Bullish Breakout Stock Name - Elgi Equipments Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 470. #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:ELGIEQUIPLong
by nikunjbhadja
ELGIEQUIP - Ichimoku Bullish Breakout Stock Name - Elgi Equipments Limited Ichimoku Cloud Setup : 1). Today's close is above the Conversion Line 2). Future Kumo is Turning Bullish 3). Chikou span is slanting upwards All these parameters are showing bullishness at Current Market Price and more bullishness AFTER crossing 440 #This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. # Cloud Trading # Ichimoku Cloud # Ichimoku Followers I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis.
NSE:ELGIEQUIPLong
by nikunjbhadja
YR 2022 Idea #56: Long on ELGIEQUIPThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
NSE:ELGIEQUIPLong
by onerighttrade