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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 2025-07-18 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1309566

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Jul 2025	548.95	553.60	559.50	547.15	1.932 times
17 Thu Jul 2025	553.60	544.20	559.95	544.20	0.269 times
16 Wed Jul 2025	544.15	552.50	553.25	542.05	0.188 times
15 Tue Jul 2025	552.50	555.00	555.00	548.05	0.178 times
14 Mon Jul 2025	552.65	548.00	556.50	542.15	0.209 times
11 Fri Jul 2025	551.05	555.60	561.50	548.05	0.241 times
10 Thu Jul 2025	556.40	563.00	566.90	553.00	0.963 times
09 Wed Jul 2025	550.30	540.20	568.00	540.20	5.139 times
08 Tue Jul 2025	534.10	536.10	553.90	531.00	2.515 times
07 Mon Jul 2025	532.10	528.00	540.95	528.00	0.143 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 549.8 as stoploss in an intra day sell trade for a target of 540.49. However, stock will show a bullish move above 549.8.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	433.55
Downside Target	490.20
Downside Target	504.80
Downside Target	526.65
Downside Target	542.05
Downside Target	548.40
Upside Target	556.75
Upside Target	559.95
Upside Target	563.55
Upside Target	568.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	540.68
Downside Intraday Target	532.42
Upside Intraday Target	558.58
Upside Intraday Target	568.22
Upside Intraday Target	550.32

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Jul 2025	548.95	548.00	559.95	542.05	0.308 times
11 Fri Jul 2025	551.05	528.00	568.00	528.00	8.794 times
04 Fri Jul 2025	531.05	539.90	544.75	527.35	0.415 times
27 Fri Jun 2025	536.45	506.90	544.00	505.40	0.395 times
20 Fri Jun 2025	510.25	536.50	556.75	504.80	1.879 times

Price has moved down 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
18 Fri Jul 2025	548.95	539.75	568.00	527.35	0.898 times
30 Mon Jun 2025	536.45	540.00	563.55	504.80	1.228 times
30 Fri May 2025	535.20	444.00	548.40	433.55	1.055 times
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

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 green color and prices are above the green cloud Prices appear to be coming down

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

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 546.97 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.