Get started
ELGI EQUIPMENTS LTDELGI EQUIPMENTS LTDELGI EQUIPMENTS LTD

ELGI EQUIPMENTS LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

ELGIEQUIP trade ideas

"ELGIEQUIP: Seizing Opportunity on Crucial Support"Description: 📈 ELGIEQUIP: Capitalizing on Crucial Support! 🚀 Explore an opportunity with ELGIEQUIP, a slower mover that's currently perched on a crucial support zone. Here's why this setup deserves your attention: Key Points: 📊 Slower Mover with Steady Support: ELGIEQUIP, while slower in pace, is finding stability on a crucial support zone, offering a dependable foundation. 📊 200DMA Providing Support: The 200-day moving average (200DMA) has been acting as robust support, enhancing the stock's reliability. 📊 Delivery Volume Surge: A noteworthy surge in delivery volume today suggests heightened market interest and potential accumulation. 📉 Correction from Highs: Today's correction, stemming from broader market fluctuations, has created an attractive entry point as ELGIEQUIP corrects from higher levels. 💰 Opportune Entry for Long-Term Hold: This is an opportune moment to enter ELGIEQUIP with the intent to hold, capitalizing on its potential for a sustained uptrend. 💰 Favorable Risk to Reward: This trade offers an enticing risk-to-reward ratio, allowing you to aim for higher rewards while prudently managing risk. 📈 Entry Price: Consider entering the trade at Rs 500. This entry level positions you strategically for potential gains as ELGIEQUIP utilizes its support zone. ❌ Stop Loss: Safeguard your investment with a stop loss at Rs 440. This level serves as a protective barrier should the trade not unfold as anticipated. 🎯 Target Price: Our target is set at Rs 640, reflecting a significant potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 500 and a stop loss at Rs 440, the risk-to-reward ratio for this trade is approximately 1:1.45. For every unit of risk, there's a potential reward of 1.45 units. 🚀 Trade Strategy: Maintain confidence as ELGIEQUIP finds support. Keep a watchful eye on the stock and adjust your stop loss to secure gains as it progresses. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Capitalize on the opportunity presented by ELGIEQUIP as it leverages its crucial support with confidence. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:ELGIEQUIPLong
by We_Learn_Investing
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
Elgi Equipments Ltd –Range BreakoutKey Points: - Bullish Range Breakout - Near Resistance level - RSI > 70 & above average - 50,100,200 EMA crossed and good potential of up-move - Longer time rang bound phase - Possibility of forming New ATH - Keep in folio for longer term - Huge Volume breakout In Gujarati “ Bhav is Bhagwan ” Disclaimer : I am not a SEBI registered Analyst. Please do your own Analysis before taking any trade/investment. The above view is just for educational purpose only.
NSE:ELGIEQUIPLong
by Alpha9982
BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle 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 Trendline Breakout in ELGIEQUIP BUY TODAY SELL TOMORROW for 5%
NSE:ELGIEQUIPLong
by Kapil-Mittal
2