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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 2026-01-01 View latest technical analysis

10 day averaged volume of Elgi Equipments is 488267

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Jan 2026	476.15	474.35	479.05	473.75	0.319 times
31 Wed Dec 2025	473.75	470.05	479.80	466.15	0.928 times
30 Tue Dec 2025	472.00	456.15	477.25	451.35	3.835 times
29 Mon Dec 2025	455.95	461.00	468.45	453.40	1.462 times
26 Fri Dec 2025	462.80	465.90	467.30	462.10	0.344 times
24 Wed Dec 2025	465.90	471.95	473.30	464.80	0.475 times
23 Tue Dec 2025	470.45	473.95	476.30	468.50	1.002 times
22 Mon Dec 2025	472.95	474.60	477.05	469.70	0.581 times
19 Fri Dec 2025	470.60	470.30	473.00	467.00	0.418 times
18 Thu Dec 2025	467.40	467.00	470.70	464.25	0.411 times

My analysis of stock is bearish for shortterm, and stock might move down till 466.2 or till 453. Use a stoploss of 477.3 and if the stock hits stoploss, then it can shoot up till 488.35

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	451.35
Upside Target	479.80
Upside Target	489.85
Upside Target	494.20
Upside Target	503.50
Upside Target	509.90
Upside Target	513.30
Upside Target	515.00
Upside Target	534.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	458.4
Downside Intraday Target	440.65
Upside Intraday Target	486.85
Upside Intraday Target	497.55
Downside Intraday Target	469.1

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Jan 2026	476.15	461.00	479.80	451.35	2.725 times
26 Fri Dec 2025	462.80	474.60	477.05	462.10	0.751 times
19 Fri Dec 2025	470.60	487.90	494.20	464.25	0.794 times
13 Sat Dec 2025	487.90	503.50	503.50	476.30	0.745 times
05 Fri Dec 2025	500.80	510.00	515.00	489.85	0.208 times

Price has moved up 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
01 Thu Jan 2026	476.15	474.35	479.05	473.75	0.015 times
31 Wed Dec 2025	473.75	510.00	515.00	451.35	0.469 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

Scroll below to view daily charts

Price has moved up 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Equipments Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Equipments in short term and BUY 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 468.92 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 rising upwards.

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 negative.

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