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(ELGIEQUIP) Elgi Equipments complete technical analysis [charts+indicators] | Buy/Sell Elgi Equipments | (ELGIEQUIP) share price targets

Complete technical analysis of Elgi Equipments (ELGIEQUIP) by charts plus indicators, forecast predictions and share price targets for Elgi Equipments (ELGIEQUIP)

Elgi Equipments trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2025-04-29 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1103734

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	462.75	467.35	468.00	459.10	0.131 times
28 Mon Apr 2025	463.45	451.00	464.90	448.50	0.207 times
25 Fri Apr 2025	454.55	475.00	475.00	447.20	0.417 times
24 Thu Apr 2025	470.80	478.25	486.70	468.20	0.712 times
23 Wed Apr 2025	474.60	461.00	479.80	460.45	0.65 times
22 Tue Apr 2025	459.55	454.80	467.30	450.50	0.455 times
21 Mon Apr 2025	454.80	442.20	462.70	437.00	1.34 times
17 Thu Apr 2025	440.15	444.00	449.40	435.10	0.851 times
16 Wed Apr 2025	441.10	450.00	456.20	439.50	0.463 times
15 Tue Apr 2025	450.95	428.00	458.00	424.00	2.996 times

My analysis of stock is bullish for shortterm, and stock might move up till 478.8 or till 507.8. Use a stoploss of 454.7 and if this stock hits its stoploss, then it can fall down till 430.58

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	424.00
Downside Target	437.00
Downside Target	458.00
Upside Target	468.00
Upside Target	486.70
Upside Target	512.85
Upside Target	526.65
Upside Target	560.00
Upside Target	575.00
Upside Target	588.90
Upside Target	669.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	451.5
Downside Intraday Target	440.25
Upside Intraday Target	471
Upside Intraday Target	479.25
Downside Intraday Target	459.75

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	462.75	451.00	468.00	448.50	0.095 times
25 Fri Apr 2025	454.55	442.20	486.70	437.00	0.829 times
17 Thu Apr 2025	440.15	428.00	458.00	424.00	1.209 times
11 Fri Apr 2025	422.15	414.85	440.00	401.00	4.456 times
04 Fri Apr 2025	447.00	485.70	490.20	441.00	0.321 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Apr 2025	462.75	485.70	490.20	401.00	0.312 times
28 Fri Mar 2025	481.70	429.35	526.65	412.40	6.939 times
28 Fri Feb 2025	428.10	535.00	575.00	426.25	1.432 times
31 Fri Jan 2025	540.90	579.80	588.90	512.85	1.566 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elgi Equipments (ELGIEQUIP)

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Equipments Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Elgi Equipments in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elgi Equipments is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 454.65 and Elgi Equipments (ELGIEQUIP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elgi Equipments (ELGIEQUIP) stock. Volume based technical analysis of Elgi Equipments (ELGIEQUIP) stock is negative.

Elgi Equipments Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.