Elgi EquipmentElgi Equipment
Rested at previous resistance now support and finally broke out today.
Keep an eye.
Can be bought on any dips till 445
Sl 415
ELGIEQUIP trade ideas
Elgi Equipments LimitedBounce back from breakout level with very high volume in Elgi Equipments Limited
Intraday stocks for 23 Aug 2022-Nifty analysisAll analysis is based on trendlines. Please do your own risk analysis before taking any trades.
Elgi equipment - Flag formation Elgi equipment flag breakout and retest completed
Buy @ cmp
Stoploss - 310
Target - 395, 422, 448, 468
Holding Period (2-4 weeks)
ELGIEQUIP | Cup & Handle Setup - Looks good for 20% short termELGIEQUIP | Cup & Handle Setup - Looks good for 20% short term
CMP : 445 (Dip : 420)
SL : 395
Target : 530 (Based on fib)
1:3+ risk reward setup
Elgi Equipment-Cup & Handle Pattern Breakout.Elgi Equipment-Cup & Handle Pattern Breakout Daily Time Frame. Buy Near-430/450 Target-600/610 Stop Loss-372.only Education Purpose .
ELGI EQUIPMENT; CUP&HANDLE BREAKOUTELGI EQUIPMENT; CUP&HANDLE BREAKOUT & retest ; its final target marked on the chart ; fundamentally strong ; hold for few months for 30 percent gains;
3 Amazing Swing trades and Index Ideas for 4 AugI daily make educational content videos for financial markets
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
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ELGIEQUIPMENTS TARGET 500ELGIEQUIPMENTS monthly primary resistance trend crossed. Weekly bullish. If this week closes above 421 and sustain, it will reach 500 target
#StockMarket #ELGIELGI EQUIPMENT LTD
Stock on daily chart forms Cup & Handle pattern
Also good volume coming
Buy above 380/386 levels for positional targets of 420
Keep SL below 355
Once 420 level is breached and sustained above this levels, we can expect bigger targets (another 5-7%)
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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SUPPORT AND RESISTANCE higher highs and higher lows towards resistance and may it will break the resistance
Cup and Handle FormationThe stock is making a cup and handle patern and one can take a small position above 386 level for a target of 422. Take positional entry only on day closing basis.
Once 422.3 level is breached and sustained we can expect bigger targets (another 5-7%)
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Cup and handle pattern in El Equipment one day time frameCup ND hANDle Pattern,
Only For EducaTION pUrpoSE.
#ELGIE EQUIPMENTS Simply bullish!!! Elgie equipments formed a double bottom bullish chart formation.
Simply supported by 21 Ema and a strong support at 360.
Resistances at 400,422 levels.
Closing above 410 is an indication for breaking all tim high
Elgi Equipment- Long1. W shape Recovery
2. Stock trading above 20, 50, 100, 200 SMA
3. FII holding increased Q-o-Q to 26.24%
4. Sales Growth 10-13%
Negatives
1. Promoter stake decreased
2. High PE of 71
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.
#ELGIEQUIP - POTENTIAL BO#ELGIEQUIP - POTENTIAL BO
CMP : 337.75
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
We will be not responsible for your profit and Loss
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Elgi Equ BullishElgi Equip seems shortcovering breakout in daily
concentrate if price sustain above 337 in 4hrs
Stock of the week is Elgi EquipmentElgi Equipment - CMP: 337.5 / Target1: Rs 358 / Target2: Rs 382 / SL is 293
Stock showing momentum with RSI above 50
After recent pull back this stock looks attractive
#ELGIEQUIP Buy on close abv 306 or on retest of 286#ELGIEQUIP
#SwingTrading #Trade
has started reversal after forming IC on last wk oF Mar'22
Buy on close abv 306 or on retest of 286
Tgt 309/356/399 /410 on #candleshunting
SL 275
Resistances : ( 310-316) & ( 357-367)
Elgi Equipment falling wedgeI am going Long on Elgi equipment..
Personally having targets of 10-20% upside
Swing call
ELGI EquipmentA trade can be initiated in both directions.
If it breaks 298 levels we can short for a target of 278.
If it sustains above 300 levels we can go long for a target of 334
