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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 2025-12-04 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1638771

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Dec 2025	491.45	508.50	508.50	489.85	0.27 times
03 Wed Dec 2025	506.50	509.00	515.00	504.80	0.399 times
02 Tue Dec 2025	505.95	500.15	513.00	500.15	0.318 times
01 Mon Dec 2025	500.15	510.00	512.70	498.55	0.349 times
28 Fri Nov 2025	510.50	498.55	520.80	498.55	2.013 times
27 Thu Nov 2025	498.55	503.20	507.55	492.95	0.412 times
26 Wed Nov 2025	498.65	486.00	510.00	483.05	2.24 times
25 Tue Nov 2025	480.50	495.50	495.75	473.30	2.795 times
24 Mon Nov 2025	495.85	494.00	498.45	487.15	0.286 times
21 Fri Nov 2025	492.75	507.00	508.00	491.05	0.281 times

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 486.8 as stoploss in an intra day buy trade for a target of 497.3. However, stock will show a bearish move below 486.8.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Downside Target	489.85
Upside Target	500.90
Upside Target	509.90
Upside Target	513.30
Upside Target	515.00
Upside Target	520.80
Upside Target	534.40
Upside Target	588.70

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	482.53
Downside Intraday Target	473.62
Upside Intraday Target	507.68
Upside Intraday Target	523.92
Upside Intraday Target	498.77

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Dec 2025	491.45	510.00	515.00	489.85	0.173 times
28 Fri Nov 2025	510.50	494.00	520.80	473.30	1.926 times
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

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
04 Thu Dec 2025	491.45	510.00	515.00	489.85	0.099 times
28 Fri Nov 2025	510.50	500.90	534.40	469.60	3.106 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

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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is losing 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 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 SELL signal in short term and selling is picking up 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 495.94 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 positive

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