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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 2026-01-06 View latest technical analysis

10 day averaged volume of Elgi Equipments is 493211

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Jan 2026	466.85	475.00	476.35	465.75	0.369 times
05 Mon Jan 2026	476.70	483.80	486.65	475.35	0.572 times
02 Fri Jan 2026	483.80	479.00	484.60	477.30	0.572 times
01 Thu Jan 2026	476.15	474.35	479.05	473.75	0.315 times
31 Wed Dec 2025	473.75	470.05	479.80	466.15	0.918 times
30 Tue Dec 2025	472.00	456.15	477.25	451.35	3.797 times
29 Mon Dec 2025	455.95	461.00	468.45	453.40	1.448 times
26 Fri Dec 2025	462.80	465.90	467.30	462.10	0.34 times
24 Wed Dec 2025	465.90	471.95	473.30	464.80	0.47 times
23 Tue Dec 2025	470.45	473.95	476.30	468.50	0.992 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 465.7 as stoploss in an intra day buy trade for a target of 474.82. However, stock will show a bearish move below 465.7.

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	459.52
Downside Intraday Target	452.18
Upside Intraday Target	480.42
Upside Intraday Target	493.98
Upside Intraday Target	473.08

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Jan 2026	466.85	483.80	486.65	465.75	0.133 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
06 Tue Jan 2026	466.85	474.35	486.65	465.75	0.087 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 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 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 SELL. 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.

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 below the red 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 469.93 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.