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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 2025-10-23 View latest technical analysis

10 day averaged volume of Elgi Equipments is 244632

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Oct 2025	470.45	486.95	495.00	468.00	2.862 times
21 Tue Oct 2025	475.50	470.60	478.80	470.00	0.298 times
20 Mon Oct 2025	466.60	468.75	469.95	458.85	0.898 times
17 Fri Oct 2025	465.75	472.85	473.90	464.30	0.686 times
16 Thu Oct 2025	470.55	461.85	478.00	458.95	2.73 times
15 Wed Oct 2025	460.45	463.30	466.80	458.50	1.308 times
14 Tue Oct 2025	462.90	474.05	475.20	461.00	0.939 times
13 Mon Oct 2025	472.30	485.00	485.00	469.05	1.207 times
10 Fri Oct 2025	483.85	485.00	490.50	480.35	1.03 times
09 Thu Oct 2025	487.85	484.00	489.90	482.30	0.404 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 468.5 as stoploss in an intra day buy trade for a target of 480.09. However, stock will show a bearish move below 468.5.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Upside Target	495.00
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	454.53
Downside Intraday Target	438.62
Upside Intraday Target	490.68
Upside Intraday Target	510.92
Upside Intraday Target	474.77

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Oct 2025	470.45	468.75	495.00	458.85	0.591 times
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

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
23 Thu Oct 2025	470.45	482.00	503.00	458.50	0.369 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 below 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 470.29 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 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 positive

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