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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 2025-10-17 View latest technical analysis

10 day averaged volume of Elgi Equipments is 294248

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Oct 2025	465.75	472.85	473.90	464.30	0.57 times
16 Thu Oct 2025	470.55	461.85	478.00	458.95	2.27 times
15 Wed Oct 2025	460.45	463.30	466.80	458.50	1.087 times
14 Tue Oct 2025	462.90	474.05	475.20	461.00	0.78 times
13 Mon Oct 2025	472.30	485.00	485.00	469.05	1.003 times
10 Fri Oct 2025	483.85	485.00	490.50	480.35	0.856 times
09 Thu Oct 2025	487.85	484.00	489.90	482.30	0.336 times
08 Wed Oct 2025	485.85	490.00	493.00	484.10	0.416 times
07 Tue Oct 2025	496.25	489.10	503.00	484.00	1.927 times
06 Mon Oct 2025	486.05	493.00	493.00	481.00	0.442 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 471.8, but if it comes above 471.8, then a intra day buy could be more profitable.
If you take a sell trade below 471.8, then use 471.8 as stoploss and 456.6 as target. However if you take a buy trade in stock , then use 471.8 as stoploss and 484.48 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
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	454.5
Downside Intraday Target	443.25
Upside Intraday Target	481
Upside Intraday Target	496.25
Upside Intraday Target	469.75

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Oct 2025	465.75	485.00	485.00	458.50	1.436 times
10 Fri Oct 2025	483.85	493.00	503.00	480.35	1.338 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

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
17 Fri Oct 2025	465.75	482.00	503.00	458.50	0.284 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 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 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 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 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 losing momentum.

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

Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 476.95 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.