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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 2025-05-07 View latest technical analysis

10 day averaged volume of Elgi Equipments is 376778

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed May 2025	457.40	440.00	464.50	433.55	0.894 times
06 Tue May 2025	440.80	462.30	462.30	439.00	0.495 times
05 Mon May 2025	458.30	450.95	459.85	447.85	0.546 times
02 Fri May 2025	450.15	444.00	452.75	440.75	0.655 times
30 Wed Apr 2025	445.45	458.75	460.65	443.00	0.768 times
29 Tue Apr 2025	462.75	467.35	468.00	459.10	0.385 times
28 Mon Apr 2025	463.45	451.00	464.90	448.50	0.606 times
25 Fri Apr 2025	454.55	475.00	475.00	447.20	1.223 times
24 Thu Apr 2025	470.80	478.25	486.70	468.20	2.086 times
23 Wed Apr 2025	474.60	461.00	479.80	460.45	1.903 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 465 as stoploss in an intra day sell trade for a target of 446.68. However, stock will show a bullish move above 465.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	424.00
Upside Target	458.00
Upside Target	464.50
Upside Target	468.00
Upside Target	486.70
Upside Target	490.20
Upside Target	512.85
Upside Target	526.65
Upside Target	575.00
Upside Target	588.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	439.13
Downside Intraday Target	420.87
Upside Intraday Target	470.08
Upside Intraday Target	482.77
Downside Intraday Target	451.82

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed May 2025	457.40	450.95	464.50	433.55	0.801 times
02 Fri May 2025	450.15	451.00	468.00	440.75	0.231 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

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
07 Wed May 2025	457.40	444.00	464.50	433.55	0.069 times
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short 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.

Price action analysis of Elgi Equipments ( (ELGIEQUIP) ) based on a short to mid 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 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 SELL. 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. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 461.72 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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