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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 2025-12-08 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1533236

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Dec 2025	483.25	503.50	503.50	482.10	0.244 times
05 Fri Dec 2025	500.80	492.00	504.00	492.00	0.293 times
04 Thu Dec 2025	491.45	508.50	508.50	489.85	0.288 times
03 Wed Dec 2025	506.50	509.00	515.00	504.80	0.427 times
02 Tue Dec 2025	505.95	500.15	513.00	500.15	0.34 times
01 Mon Dec 2025	500.15	510.00	512.70	498.55	0.373 times
28 Fri Nov 2025	510.50	498.55	520.80	498.55	2.151 times
27 Thu Nov 2025	498.55	503.20	507.55	492.95	0.441 times
26 Wed Nov 2025	498.65	486.00	510.00	483.05	2.394 times
25 Tue Nov 2025	480.50	495.50	495.75	473.30	2.987 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 479.5, for a target of 490.1 or 498.82

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Upside Target	503.50
Upside Target	507.90
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	475.73
Downside Intraday Target	468.22
Upside Intraday Target	497.13
Upside Intraday Target	511.02
Upside Intraday Target	489.62

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Dec 2025	483.25	503.50	503.50	482.10	0.142 times
05 Fri Dec 2025	500.80	510.00	515.00	489.85	0.208 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

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 Mon Dec 2025	483.25	510.00	515.00	482.10	0.136 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 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 gaining 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. 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 SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 495.87 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.