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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 2025-10-08 View latest technical analysis

10 day averaged volume of Elgi Equipments is 307371

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Oct 2025	485.85	490.00	493.00	484.10	0.398 times
07 Tue Oct 2025	496.25	489.10	503.00	484.00	1.844 times
06 Mon Oct 2025	486.05	493.00	493.00	481.00	0.423 times
03 Fri Oct 2025	494.40	485.90	496.00	483.15	0.845 times
01 Wed Oct 2025	481.95	482.00	486.40	479.75	0.658 times
30 Tue Sep 2025	482.20	480.50	485.90	478.05	0.52 times
29 Mon Sep 2025	476.60	487.00	492.30	473.00	0.822 times
26 Fri Sep 2025	485.95	495.50	498.60	477.00	1.31 times
25 Thu Sep 2025	495.50	501.90	502.05	495.00	0.54 times
24 Wed Sep 2025	500.90	501.70	505.45	495.00	1.309 times

My analysis of stock is bearish for shortterm, and stock might move down till 473.3 or till 457.7. Use a stoploss of 486.26 and if the stock hits stoploss, then it can shoot up till 499.22

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	463.35
Upside Target	496.00
Upside Target	503.00
Upside Target	504.80
Upside Target	512.40
Upside Target	513.30
Upside Target	527.35
Upside Target	563.55
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	476.9
Downside Intraday Target	467.95
Upside Intraday Target	498.9
Upside Intraday Target	511.95
Upside Intraday Target	489.95

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Oct 2025	485.85	493.00	503.00	481.00	0.937 times
03 Fri Oct 2025	494.40	487.00	496.00	473.00	0.393 times
26 Fri Sep 2025	485.95	499.05	512.40	477.00	0.346 times
19 Fri Sep 2025	500.35	470.40	513.30	463.35	5.981 times
12 Fri Sep 2025	468.05	478.55	480.95	466.05	0.699 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
08 Wed Oct 2025	485.85	482.00	503.00	479.75	0.11 times
30 Tue Sep 2025	482.20	475.70	513.30	463.35	1.921 times
29 Fri Aug 2025	471.85	569.30	588.70	469.85	0.223 times
31 Thu Jul 2025	568.35	539.75	608.40	527.35	1.482 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy 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. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Elgi Equipments in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 490.4 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.