ELGI EQUIPMENTS TARGET 494ELGI EQUIPEMENTS monthly weekly and day trend breakout. Target 494Longby ganeshkrupa0
Breakout in ELGI Equipments...Chart is self explanatory. Entry, Targets and 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.Longby MandeepSinghKohliUpdated 4422
Elgi EquipmentThe stock is about to make upmove .....watchout for targets on chart Longby msadiqsalman0
Simple risk Reward positional setupElgiequip Price is Breaking out 200 days of consolidation with good volume Simple Low risk-reward setup for positional trade. Few points to consider - Rectangular Box price breakout. - Good volume to support Price - Relative strength is outperforming Benchmark Index (Nifty) - Risk (SL), low of daily candle closeLongby sandeep_sharmaUpdated 0
Buy Today Sell Tomorrow: ELGIEQUIP for more than 5%DON'T HAVE MUCH TIME TO TRACK TRADES? - Take BTST trades at 3:25 pm everyday - Book profits within first 30 minutes of the market opening - Try to exit taking 3-5% profit of each trade - SL can be taken when 5/15 min candle close below 44EMA Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.Longby breakoutinvesting4
Swing Trade Idea for Elgi Equipment Will consolidate for some time and will go towards the upside. Follow levels and wait for the candle to close for perfect entry. Enter with strict SL always and exit at targets. Don't hold for bigger profits and don't convert a profit into a loss. Entry: 321 t1: 345 t2: 390 SL: 289 P.S Consult your financial advisor and these are solely my views. I am not responsible for your profits or losses. Follow me for more such ideas and you may look at my previous trades for better insights on my performance.Longby chetanmhjn0
ELGIEQUIP Bollinger band Concept : Bollinger bank blast on monthly chart latest Close is greater than monthly upper band value Taking support on DSMA20 Note : Only for educational purpose . It is not an investment advice . Please consult your FA before investing in any idea .Longby Stock_InshotUpdated 0
EGI EQUIPMENT : NICE CHART PATTERNFresh buy @ CMP TGT - 350 & 400 Disclaimer The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.Longby finogent0
Target hit with 39% gains !!Link below for reference of my previous analysis. Kindly do your analysis before initiating trade.by AK18081
Breakout after long consolidation !Stock after long consolidation of 9 months (April - Nov) between 205-230 levels, has given breakout with good volume action. Longs can be considered at cmp or any retracement till 230 levels, with SL 195 on weekly CB for the target of 350+ (40%) in medium-long term. Also there is increased institutional investors participation (FII/DII) in Sep'21 quarter. Kindly do your analysis before initiating trade.Longby AK1808Updated 3
TLBO on elgiequiment monthly chartTLBO on elgiequiment monthly chart. Accumulate it for long term..Longby pranjalitigade1
Elgi Equipments Extensions in 5th waveAll details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.Longby Niftydirection5
Triangle breakout pullback and continuationElgie has given breakout from a triangle pattern plus did pullback and continuation. also given range breakout above 230 level For Intraday can buy above 235 for target of 240 , 242 For stoploss in Intraday use 5 minute chart and see nearest support. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis For Swing trade buy above 235 for target of 260 keep stoploss below 218 NOTE: For Gapup or bo before 9:20 If gapup is more than 1% from bo level than avoid completely. if less than 1% or gives bo before 9:20 than wait for first 5 minute candle and entry above 5 minute candle and revised SL below candle Low.Longby stockkar8
ELGI Equipments Ltd.ELGI Equipments Ltd. is a holding company, which engages in the manufacture of air compressors. It operates through the following segments: Air Compressors, and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, air accessories, heat recovery system, and railway compressors. It offers coolants and lubricants, air audit, service agreements, energy saving products, and customer care. The company was founded on March 14, 1960 and headquartered in Coimbatore, India.Longby nikhiluppala1603
Elgi Equipment: On verge of BOElgi equipment looking good. Keep on radar for BO above 230Longby khulvenaveen115
ELGIEQUIPMENTS TREND ANALYSISELGIEQUIPMENTS WITH Stellar Performance for quarter ending had opened up with huge volume on 09-Nov-21. Based on long term analysis it has near term target of 240. STOP LOSS 198.Shortby revu20191
ELGI Equipment Going Strong For The Breakout!Buy at 215 Stop Loss at 201.35 Target 243.70, 275 Note: This is purely for educational purposes only and is NOT a Buy/Sell Recommendation.Longby dhruvbipinpatel1
ELGIE EQUIPMENTELGIE EQUIPMENT Can go long once the zone breaches looks good above 201 on closing basis # note # candle closing is mandatory for positional entryLongby BULLS-and-BEARS224
Elgi Equipments ELGIEQUIP - Positional Trading I have based my analysis on Stan Weinstein's framework on Weekly chart where price structure, 30 weekly MA, volume and relative strength (not RSI) play a role in analysing the trend. Personally, I like stocks near ATH because it tells me that prior resistance has been broken. It is important for me to select stocks that have strong relative strength against a particular index such as Nifty Infra in this case (Elgi makes compressors and they are capital goods for industry) or Nifty 500 the broader market. The area where price is moving up (marked with a green upward arrow) is defined as Stage 2 structure according to Stan Weinstein. After this, we see a Stage 3 structure marked with a black box. During Stage 3 structure, price is rangebound and this period can be for many weeks or months. Remember, this is where we lose TIME. And for traders (and also Investors), TIME is important. I have marked a breakout candle (in orange) and that is where I like to enter provided I see confirmation on volumes (marked with orange in the volume histogram). Stan Weinstein says Positional Traders should ride the trend and exit stocks only when they start trading below the 30 weekly MA. He further says not to buy in LH LL structure because there is no way one can tell how far or how long can the fall be. See for yourself how often stock stays lower. The breakout candle of 10 August 2020 is of importance. Note the volume expansion. Also note that retracement is till the mid point of the 10 August 2020 candle and stock does not fall anymore. The candles of 9 November 2020 and 7 December 2020 are also very important. The latter breaks prior pre-pandemic resistance. Around this time the Relative Strength of the stock starts outperforming against the broader market i.e. Nifty 500. Analysis is easy on hindsight. What would I do if I were to take a buy call now? I will go long only when I see a breakout candle (marked in orange) confirmed by Volumes. Because Nifty is near ATH and in Stage 3 structure, there are two things that might happen. It may again start a new Stage 2 structure or form a Stage 4 structure which is start falling from the box. Hence in a market like this, I would shift to the Daily chart, add a 50 Daily MA and if the stock breaches 50DMA and goes lower, I will exit 50% of my holding. And if it breaches the nearest swing low, I will exit completely- the candle of 27 May 2021 on Daily chart. This is a variation from Stan Weinstein's framework. Disclaimer- This is not an investment or trading buy/sell advice. The purpose is to share knowledge and learn from the community. I am not invested in the stock as on date. Educationby culturalDealer79974223
Elgi equipment best buyElgi equipment best buy on result base...running in rectangle since last 3 month ..lower range 200 upper 228-230..cmp 219 ..buy 50% @ cmp rest @ 205 ..sl 200 below daily closing basis target above 230+ day closing 250-260-300Longby umeshdari0
ELGIEQUIP - Trading in RangeTrading in range for the quite long time. Do not enter while it's trading in this range.Longby Sudhi4488220
ELGIE EQUIPMENTS - RectangleRectangle forming on Daily Chart of ELGIE EQUIPMENTS. BUY CMP/225.10-> 250. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.Longby c0dchef0