ELGIEQUIP - Swing Trade Analysis with AI Signals

Last Updated Time : 05 Nov 25, 7:43 am

Swing Trade Rating: 3.9

📉 Current Price: ₹482

📊 RSI: 47.5 (Neutral zone)

📈 MACD: 2.06 (Mild bullish crossover)

📉 DMA 50 / 200: ₹491 / ₹517 (Price below both averages)

📉 Volume: 3,13,848 vs 1Wk Avg 3,49,432 (Slightly below average)

💰 Market Cap: ₹15,246 Cr

📉 Qtr Profit Decline: ₹99.2 Cr → ₹81.5 Cr

📉 FII Holding: -1.50%

📈 DII Holding: +1.01%

📌 Optimal Entry Price

🎯 Entry Range: ₹470–₹480 (Near support and below DMA levels)

📤 Exit Strategy

💡 Exit if: Price approaches ₹510–₹520 or RSI crosses 65 with weakening volume.

✅ Positive

• Strong ROCE (28.4%) and ROE (21.9%) indicate efficient capital use
• Low debt-to-equity ratio (0.01) supports financial stability
• EPS of ₹11.3 and PEG ratio of 1.82 suggest reasonable valuation
• DII holding increased, showing domestic investor confidence

⚠️ Limitation

• Price below both 50 DMA and 200 DMA
• Volume slightly below average, indicating weak participation
• MACD mildly bullish but lacks strong momentum
• Dividend yield is modest at 0.46%

📰 Company Negative News

• Quarterly PAT declined from ₹99.2 Cr to ₹81.5 Cr
• FII holding dropped by 1.50%

📈 Company Positive News

• DII holding increased by 1.01%
• MACD crossover suggests potential short-term upside

🏭 Industry

• Industry P/E: 39.8 (slightly lower than ELGIEQUIP’s P/E)
• Industrial equipment sector benefits from infrastructure growth and manufacturing demand

🔚 Conclusion

ELGIEQUIP presents a moderately attractive swing trade setup with solid fundamentals and early technical signals. Entry near ₹470–₹480 is favorable, with an exit target around ₹510–₹520. A stop-loss below ₹460 is recommended to manage downside risk.

I can also track RSI and MACD trends for ELGIEQUIP to help you time your exit more precisely.