ELGIEQUIPELGIEQUIP- its a equipment manufacturing company of compressor and drilling machines. making head and shoulder pattern above 800 good move possible, if it comes to retracement can we buy at 660/ 624 area to 800/1000 target.Longby shabna902
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. Longby AfnanTAjuddin7765
ELGIEQUIP - dividend Ex-date Wed 24 Jul '24 Amount 2.00 Payment date Thu 29 Aug '24 DISCLAIMER it's just my technical view. I'M NOT A SEBI REGISTERED ANALYST. Before taking trade or Invest consult your financial advisor. ✅Here we provide TECHNICAL Levels and Charts.💯 ✅This channel is for educational and self analysis purposes only!Longby Somukutty1
ELGIEQUIP#ELGIEQUIP has broken out of a significant resistance level by absorbing a substantial amount of selling pressure with above-average trading volume. This stock had been trading within a defined price range for several months, indicating a period of consolidation or indecision among investors. With the breakout above the resistance level, which historically capped its upward movement, there is now potential for the stock to resume its upward trajectory. Breakouts like these are often interpreted as bullish signals because they signify that the stock has overcome previous selling resistance, suggesting renewed investor confidence and possible further price appreciation. The above-average volume accompanying the breakout indicates strong participation from traders and investors, reinforcing the likelihood of a sustained upward movement. This breakout could mark the beginning of a new phase where the stock may continue to climb, as it moves beyond its recent trading range.Longby Sudhi44880
Engineers indiagood opportunity after treandline break with a good volume. #swing tradeLongby bhargav89670
ELGIEQUIP - Ready for the next swingELGIEQUIP - Ready for the next swing with an upside potential of 20% in the next few weeks. The stock has been trading in the channel for the last 4+ years, with a steady upside trend. The stock is also backed with good fundamentals and overall at a good spot to leverage for a nice swing trade.Longby SwingtradesbyAbhishek1
ELGIEQUIP - Ready to give VCP Breakout#NSE:ELGIEQUIP CMP - 652.60 ~Stock forming vcp pattern ~High chance to give upside move ~ Buy above 665 ~ Target - 700,715, 750+ ~ Week Below - 630Longby Profit_Trader252
ELGI EQUIPMENT Swing Long Trade Setup- Elgi is building up the strongest base that I haven't seen in any other NIFTY 500 stock so far watch out for this - No HL OR LL so far trend looks intact - Another Liquidity grab can be possible so watch out for that - Accumulation ZONE - 625-640 - Risk - 3-4% - Portfolio Allocation - 10-20% Manage risk properly first reward comes second Longby VKtradesimbalance0
ELGI EQUIPMENT NEAR TO BREAK OUTELGI EQUIPMENT NEAR BREAK OUT above 672 bullish need to sustain and close in a daily chart. 1st target - 714 2nd target - 795 SL - 602 Longby hitendrakulUpdated 2
ELGI EQUIPMENT This stock up move as per the below prediction 1.21 Ema above 50 Ema 2.50 Ema above 200 Ema 3.Price above 21 EMA 4.21 Ema retrace 5.Stock in unmoved 5.ROCE >15 6.Debt to equity<1 This is for the educational purposes Longby selvat071
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 actionLongby Art_of_charting_Knowledge1
ON-Neck Breakout on Daily ChartHi, An bullish on-neck Breakout pattern emerged on the daily chart of NSE:ELGIEQUIP MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue. Level of Entry, Exit & Stop loss mentioned on the chart. This idea is for educational purpose only. Take advice of your financial advisor before making any investment decision. Longby raigvivekUpdated 0
Elgi Equipments reversalMorning star on daily charts. RSI above 40. 20% retracement from top.Longby manishz230
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.comLongby Munish_JainUpdated 16
ELGI EQUIPMENT CUP 1.Formed cup and handle chart pattern 2.Breakout above 623, so keep in watchlist 3.Fundamental Data points Market Cap ₹ 19,224 Cr. Stock P/E 47.8 Book Value ₹ 46.1 Dividend Yield 0.33 % ROCE 24.4 % ROE 23.8 % PEG Ratio 1.98 Debt to equity 0.43 Price to Earning 47.8 Industry PE 47.0 Price to book value 13.2 Pledged percentage 0.81 %Longby Ajaygw880
Buy CallPrice in support Volume : Good Target 1 : 585 Remaining targets are in Green line Only for study purposeLongby sivagurudhineshUpdated 0
ELGIEQUIP consolidation breakout ELGIEQUIP formed a base ( triangle pattern ) on a daily time frame. if breaks out the upper border of the triangle it will be the potential short-term swing trading opportunity. DISCLAIMER: All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational (educational) purposes only and should not be considered as a recommendation to invest, trade, and/or speculate in the markets. I am not an investment advisor.by Rajachandrasekaran443
elgi equipmentLong term chart showing strength towards upper side we can see 600 and more minimum in coming month Longby shanbaisya2
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.Longby moneyfesttrading2
Elgi Equipment- CUP and HANDLE Breakout pendingElgi Equipment- Handle formation yet to complete for the target of 770. Even after C&H breakout, weekly candle close above 583 only will give momentum to fly higher. Note: This is for educational purpose only.Longby Flash_J0
ELGIEQUIPvcp characteristics -The Stock must be in stage 2 uptrend. -A period of price consolidation must take place in thebase. ... -Price volatility must contract through the base (from left to right). ... -Price must correct through a series of smaller contractions.Longby lokeshpariharUpdated 2
Elgi Equipment Next leg rally to start?Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%. Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term. Please Boost this analysis with likes and comments. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------Longby Niftydirection3