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
ELGIEQUIP trade ideas
ELGIEQUIP is ready to equip the profitsELGI EQUIPMENT is showing us a good triangle pattern.
It's a small triangle pattern but can be useful for swing trading.
Maintain the trailing stop loss in every profitable trade.
The Redline is 1st target line as well as the first resistance line and if 450+
Risk Management is capital management (Based on your risk appetite) and Trade management is the technique or a strategy from which you carry out your current profit.
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade
ELGI EUIPMENT: STRONG MOMENTUMEarlier Recommended Both TGT Achieved
TGT - 450 & 470+
SL -370
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.
Elgi Equipments on newer highs creating Darvas boxIn the past three months, the stock price of the company has zoomed 110 percent as compared to a 1 percent decline in the S&P BSE Sense
Company is expected to give good quarter, Price soars high on this very factor
The stock has created a Darvass box pattern it can be considered for a short to medium-term trade, with profit booking in the mind, the stock has soared 34% in 4 days on strong earnings hope, so keeping a stop loss on 371 we Can consider 500 to be the target
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.
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 close
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.
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.
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 .
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.
Target hit with 39% gains !!Link below for reference of my previous analysis.
Kindly do your analysis before initiating trade.
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.
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.
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.
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.
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.
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.
