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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 2025-11-21 View latest technical analysis

10 day averaged volume of Elgi Equipments is 831465

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Nov 2025	492.75	507.00	508.00	491.05	0.554 times
20 Thu Nov 2025	507.55	506.10	513.35	501.00	1.788 times
19 Wed Nov 2025	504.55	507.95	508.00	499.25	0.399 times
18 Tue Nov 2025	504.90	518.80	518.80	502.75	0.597 times
17 Mon Nov 2025	514.70	506.00	534.40	500.15	4.59 times
14 Fri Nov 2025	501.50	504.15	504.80	496.70	0.201 times
13 Thu Nov 2025	500.00	502.00	507.90	490.80	1.305 times
12 Wed Nov 2025	491.80	486.20	493.00	484.55	0.312 times
11 Tue Nov 2025	486.50	474.45	493.40	469.60	0.447 times
10 Mon Nov 2025	474.45	479.20	481.00	473.00	0.162 times

My analysis of stock is bearish for shortterm, and stock might move down till 484.7 or till 472.4. Use a stoploss of 494.91 and if the stock hits stoploss, then it can shoot up till 505.14

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Downside Target	486.05
Upside Target	507.90
Upside Target	509.90
Upside Target	513.30
Upside Target	527.35
Upside Target	534.40
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	477.73
Downside Intraday Target	462.72
Upside Intraday Target	521.08
Upside Intraday Target	549.42
Upside Intraday Target	506.07

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Nov 2025	492.75	506.00	534.40	491.05	3.267 times
14 Fri Nov 2025	501.50	479.20	507.90	469.60	2.379 times
07 Fri Nov 2025	479.15	500.90	500.90	473.00	0.38 times
31 Fri Oct 2025	497.40	492.00	509.90	486.05	1.407 times
24 Fri Oct 2025	487.65	468.75	495.00	458.85	0.944 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Fri Nov 2025	492.75	500.90	534.40	469.60	1.326 times
31 Fri Oct 2025	497.40	482.00	509.90	458.50	0.611 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term and the buy signal is strong.

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 green color and prices are in or below the green 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 506.69 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 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.