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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.

10 day averaged volume of Elgi Equipments is 304340

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri May 2025	440.45	436.00	446.00	436.00	0.595 times
08 Thu May 2025	449.55	462.00	462.40	447.00	0.519 times
07 Wed May 2025	457.40	440.00	464.50	433.55	1.106 times
06 Tue May 2025	440.80	462.30	462.30	439.00	0.612 times
05 Mon May 2025	458.30	450.95	459.85	447.85	0.676 times
02 Fri May 2025	450.15	444.00	452.75	440.75	0.811 times
30 Wed Apr 2025	445.45	458.75	460.65	443.00	0.951 times
29 Tue Apr 2025	462.75	467.35	468.00	459.10	0.477 times
28 Mon Apr 2025	463.45	451.00	464.90	448.50	0.75 times
25 Fri Apr 2025	454.55	475.00	475.00	447.20	1.514 times

My analysis of stock is bearish for shortterm, and stock might move down till 430.5 or till 409.7. Use a stoploss of 447.86 and if the stock hits stoploss, then it can shoot up till 465.19

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	424.00
Upside Target	458.00
Upside Target	464.50
Upside Target	468.00
Upside Target	486.70
Upside Target	490.20
Upside Target	512.85
Upside Target	526.65
Upside Target	575.00
Upside Target	588.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	427.83
Downside Intraday Target	415.22
Upside Intraday Target	458.78
Upside Intraday Target	477.12
Upside Intraday Target	446.17

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri May 2025	440.45	450.95	464.50	433.55	1.174 times
02 Fri May 2025	450.15	451.00	468.00	440.75	0.231 times
25 Fri Apr 2025	454.55	442.20	486.70	437.00	0.829 times
17 Thu Apr 2025	440.15	428.00	458.00	424.00	1.209 times
11 Fri Apr 2025	422.15	414.85	440.00	401.00	4.456 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
09 Fri May 2025	440.45	444.00	464.50	433.55	0.093 times
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 times
28 Fri Mar 2025	481.70	429.35	526.65	412.40	6.939 times
28 Fri Feb 2025	428.10	535.00	575.00	426.25	1.432 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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 weakening, and bulls 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 452.63 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.