Long Term Trend: Strong
AI Indicator Strength: 65.0%
StockELGIEQUIP
Current Price₹612.75
Short Term Trend
Strong Upward
Trend: Strong
¼ Long Term Trend Structure
- Price above EMA20, EMA50, EMA200
- Momentum aligned with structure
RSI: Neutral-Bearish
📊 Momentum (RSI)
- RSI: 62.41
- Mild negative bias
MACD: Weak Bullish
¼ MACD Observation
- Weak positive MACD crossover
- Trend confirms structural bias
Overall: Mixed
📊 Overall Technical View
- Momentum → Neutral-Bearish
- Trend → Strong
📊 ELGIEQUIP Stock Strength & Risk Analysis
✅ Positive Factors
- Price trading above major EMA levels indicating strong long term trend.
❌ Risk Factors
- Price is overextended relative to its historical baseline averages; watch for localized mean reversion.
📌 Market Outlook
Market remains in a transitional phase; directional clarity is pending.
🎯 Technical Indicators: Support & Resistance
🟢 Support Zones
₹508.00
₹502.92
₹497.84
🔴 Resistance Zones
₹633.85
₹640.19
₹646.53
ELGIEQUIP Price Action: The nearest structural support is quite distant at ₹508.0 (over 10% away). In the short term, traders should watch the EMA20 at ₹592.64 as a dynamic support level. On the upside, the primary hurdle for an upward rally is positioned at ₹633.85.
📊 Fibonacci Retracement
| Level | Value |
|---|
| 23.6% | 334.71 |
| 38.2% | 423.42 |
| 50.0% | 495.13 |
| 61.8% | 566.83 |
| 78.6% | 668.91 |
Structural Pullbacks: With ELGIEQUIP trading within 10% of its 52-week high, close intermediate parameters like the 23.6% level at ₹334.71 or the short-term EMA9 baseline act as logical continuation test areas. Price interactions around these zones frequently dictate the stock's short-term trajectory, helping identify where ELGIEQUIP might find fresh buying interest.
📈 Moving Averages
| EMA | Value | SMA | Value |
|---|
| EMA5 | 605.54 | SMA5 | 604.99 |
| EMA9 | 603.03 | SMA9 | 603.31 |
| EMA20 | 592.64 | SMA20 | 594.83 |
| EMA50 | 566.32 | SMA50 | 564.90 |
| EMA100 | 540.78 | SMA100 | 528.16 |
| EMA200 | 524.25 | SMA200 | 503.85 |
📊 AI Scorecard (How Confidence is Calculated)
• RSI Neutral-Bearish: -1 🔴
🔴
• Price > EMA20 (Short-term Bullish): +1 🟢
🟢
• EMA20 > EMA50 (Medium Uptrend): +1 🟢
🟢
• Price > EMA200 (Long-term Bullish): +1 🟢
🟢
• MACD Weak Bullish: +1 🟢
🟢
• Total Score: 3
🔴
• Confidence Score: 65.00%
🔴
Total Score: 3
Technical Indicator Strength: 65.0%
- Strong alignment in behavior
- AI Confidence Score: 65.0%
👉 Market appears neutral
📊 MACD Backtested Signals (Historical)
| Date |
Signal |
Close |
T+1 Open |
T+1 High |
T+1 Low |
T+1 Change |
T+5 High |
T+5 Low |
T+5 Change |
Strength |
Confidence |
Strategy |
| 2026-05-21 |
Bullish |
567.40 |
567.40 |
568.15 |
557.20 |
0.13% |
1.80 |
589.00 |
557.20% |
3.81 |
1.80 |
28.55 39.86 Success |
| 2026-05-05 |
Bearish |
542.75 |
544.90 |
550.00 |
540.00 |
0.90% |
0.94 |
571.80 |
521.00% |
4.01 |
5.35 |
77.19 72.49 Success |
| 2026-04-07 |
Bullish |
482.65 |
492.85 |
505.25 |
492.85 |
2.52% |
0.00 |
534.00 |
492.85% |
10.64 |
-2.11 |
2.73 58.17 Success |
| 2026-03-04 |
Bearish |
497.55 |
498.45 |
520.50 |
497.50 |
0.19% |
4.42 |
527.00 |
492.55% |
1.00 |
5.92 |
100.00 69.30 Success |
| 2026-01-30 |
Bullish |
431.20 |
435.10 |
437.30 |
424.40 |
0.51% |
2.46 |
496.70 |
424.40% |
15.19 |
1.58 |
36.77 63.75 Success |
| 2026-01-08 |
Bearish |
456.60 |
456.60 |
457.75 |
444.80 |
2.58% |
0.25 |
457.75 |
432.20% |
5.34 |
0.25 |
13.40 46.65 Success |
| 2026-01-01 |
Bullish |
476.15 |
479.00 |
484.60 |
477.30 |
1.17% |
0.35 |
486.65 |
455.15% |
2.21 |
4.41 |
9.14 38.41 Success |
| 2025-12-04 |
Bearish |
491.45 |
492.00 |
504.00 |
492.00 |
0.00% |
2.44 |
504.00 |
476.30% |
3.08 |
2.55 |
38.54 42.64 No Trade |
| 2025-11-28 |
Bullish |
510.50 |
510.00 |
512.70 |
498.55 |
0.53% |
2.25 |
515.00 |
489.85% |
0.88 |
4.05 |
37.99 38.68 Success |
| 2025-11-25 |
Bearish |
480.50 |
486.00 |
510.00 |
483.05 |
0.61% |
4.94 |
520.80 |
483.05% |
-0.53 |
8.39 |
94.76 69.63 Success |
| 2025-11-12 |
Bullish |
491.80 |
502.00 |
507.90 |
490.80 |
1.18% |
2.23 |
534.40 |
490.80% |
8.66 |
0.20 |
18.29 57.03 Success |
| 2025-11-10 |
Bearish |
474.45 |
474.45 |
493.40 |
469.60 |
1.02% |
3.99 |
534.40 |
469.60% |
1.02 |
12.64 |
57.87 60.76 Success |
| 2025-10-24 |
Bullish |
487.65 |
492.00 |
495.20 |
486.05 |
0.65% |
1.21 |
509.90 |
486.05% |
4.56 |
0.33 |
81.57 61.23 Success |
| 2025-10-13 |
Bearish |
472.30 |
474.05 |
475.20 |
461.00 |
2.75% |
0.24 |
478.00 |
458.50% |
2.92 |
1.21 |
25.88 42.37 Success |
| 2025-09-16 |
Bullish |
467.20 |
468.20 |
502.40 |
468.20 |
7.30% |
0.00 |
513.30 |
468.20% |
9.87 |
-0.21 |
16.97 73.59 Success |
| 2025-07-29 |
Bearish |
562.60 |
564.90 |
573.95 |
562.30 |
0.46% |
1.60 |
577.40 |
553.30% |
1.65 |
2.63 |
12.60 26.39 Success |
| 2025-07-23 |
Bullish |
589.75 |
592.45 |
608.40 |
586.75 |
2.69% |
0.96 |
608.40 |
539.70% |
3.16 |
8.49 |
100.00 87.50 Success |
| 2025-07-18 |
Bearish |
548.95 |
548.50 |
556.95 |
546.05 |
0.45% |
1.54 |
608.40 |
546.05% |
0.53 |
10.83 |
27.10 45.44 Success |
| 2025-07-17 |
Bullish |
553.60 |
553.60 |
559.50 |
547.15 |
1.07% |
1.17 |
608.40 |
546.05% |
9.90 |
1.36 |
6.06 53.55 Success |
| 2025-07-16 |
Bearish |
544.15 |
544.20 |
559.95 |
544.20 |
0.00% |
2.89 |
596.70 |
544.20% |
-0.01 |
9.66 |
2.45 32.96 No Trade |
Interpreting Historical MACD Data: The table above presents backtested historical performance of MACD crossover signals for ELGIEQUIP. By analyzing past T+1 to T+5 day price movements following a MACD buy or sell signal, traders can gauge the historical reliability and expected volatility of the current signal.