Is ELGI EQUIPMENTS in uptrend or downtrend?

In the short term price movements in ELGIEQUIP share indicates the market is Sideways. However, the bulls are trying to absorb supply to take control.

What is ELGI EQUIPMENTS share price forecast for tomorrow?

In Elgi Equipments Limited stock current resistance level is at 525 and support level is at 489. Though market is closer to support level there are good chances till these ranges are broken, market would stay Sideways.

What are ELGI EQUIPMENTS support and resistance levels?

The resistance level is an area where sellers get activated. It varies by the time frame of the analysis. For Elgi Equipments Limited in the short-term, the supply zone around 525 and 530. Hence, good chances of resistance around 530. The support level is an area where buyers get activated at an attractive price zone to buy. It's a price zone where buyers wait for the market to reach to trigger their buy orders. The demand zone for Elgi Equipments Limited share is around 489 and 490. Hence, good chances for support around 490.

Why is ELGI EQUIPMENTS share price falling today?

Perhaps ELGIEQUIP stock is just having volatility. It can be viewed as an opportunity, unless overall long term trend and mid term trend is Bearish.

ELGI EQUIPMENTS Share Price | Forecast Analysis

Analyzing Market Data

Analyzing Market Data