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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 2026-01-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 485406

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Jan 2026	476.70	483.80	486.65	475.35	0.581 times
02 Fri Jan 2026	483.80	479.00	484.60	477.30	0.582 times
01 Thu Jan 2026	476.15	474.35	479.05	473.75	0.321 times
31 Wed Dec 2025	473.75	470.05	479.80	466.15	0.933 times
30 Tue Dec 2025	472.00	456.15	477.25	451.35	3.858 times
29 Mon Dec 2025	455.95	461.00	468.45	453.40	1.471 times
26 Fri Dec 2025	462.80	465.90	467.30	462.10	0.346 times
24 Wed Dec 2025	465.90	471.95	473.30	464.80	0.478 times
23 Tue Dec 2025	470.45	473.95	476.30	468.50	1.007 times
22 Mon Dec 2025	472.95	474.60	477.05	469.70	0.585 times

My analysis of stock is bullish for shortterm, and stock might move up till 485.8 or till 497.4. Use a stoploss of 476.12 and if this stock hits its stoploss, then it can fall down till 466.45

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	451.35
Upside Target	484.60
Upside Target	486.65
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	472.48
Downside Intraday Target	468.27
Upside Intraday Target	483.78
Upside Intraday Target	490.87
Upside Intraday Target	479.57

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Jan 2026	476.70	483.80	486.65	475.35	0.081 times
02 Fri Jan 2026	483.80	461.00	484.60	451.35	2.966 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

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
05 Mon Jan 2026	476.70	474.35	486.65	473.75	0.069 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is gaining 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Elgi Equipments in short term but SELL signal is weak.

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 470.21 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.