NSE:ELGIEQUIP has consolidated over 530 range over last 1.5 years and given good breakout. We can see long term move with SL of 503 can average till 522. Major targets levels are highlighted in blue lines.
Stock has shown reversal from 9 day ema several times and has shown good move, The same move can be seen now as well. Stock taken support at 460 level multiple times . From here it can show good upmove and head towards 550-600 levels. Stock has also broken from falling trendline in short term. It has high beta and good volatility
📊 Pattern: LAW OF POLARITY 📌 Symbol/Asset: ELGIEQUIPMENT 🔍 Description: Moment Stock with Strong Support 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
elgi equipment is at strong support zone Support is 480 Resistance is trendline may be heavy fall below 480