Sensex, Nifty, Share Price LIVE: The outlook for Elgi Equipments is bullish. The 6.5 per cent surge on Wednesday keeps the bull channel intact and also indicates that the upmove in the stock is gaining momentum. Moving average cross-overs on the daily chart also strengthens the bullish case. Strong support is in the ₹565-550 region. Any intermediate dip is likely to see fresh buyers coming into the market around this support zone. Elgi Equipments share price can rise to ₹640 in the coming weeks.
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