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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 2025-01-01 View latest technical analysis

10 day averaged volume of Elgi Equipments is 116956

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	577.40	579.80	584.95	574.70	0.641 times
31 Tue Dec 2024	579.80	562.25	582.00	560.05	0.935 times
30 Mon Dec 2024	562.35	575.30	575.50	560.00	0.977 times
27 Fri Dec 2024	573.05	587.00	592.25	561.95	1.249 times
26 Thu Dec 2024	585.80	586.20	591.85	581.80	0.588 times
24 Tue Dec 2024	585.55	586.00	590.80	581.00	0.995 times
23 Mon Dec 2024	587.90	601.30	603.80	583.00	0.646 times
20 Fri Dec 2024	596.00	613.30	613.55	590.40	2.265 times
19 Thu Dec 2024	608.15	592.80	610.00	590.25	0.78 times
18 Wed Dec 2024	601.95	602.05	607.00	592.55	0.742 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 579.7, but if it comes above 579.7, then a intra day buy could be more profitable.
If you take a sell trade below 579.7, then use 579.7 as stoploss and 549.7 as target. However if you take a buy trade in stock , then use 579.7 as stoploss and 604.78 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	560.00
Downside Target	574.70
Upside Target	626.95
Upside Target	636.30
Upside Target	639.45
Upside Target	662.60
Upside Target	669.00
Upside Target	673.90
Upside Target	698.90
Upside Target	752.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	563.28
Downside Intraday Target	549.17
Upside Intraday Target	588.23
Upside Intraday Target	599.07
Downside Intraday Target	574.12

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Jan 2025	577.40	575.30	584.95	560.00	0.734 times
27 Fri Dec 2024	573.05	601.30	603.80	561.95	0.516 times
20 Fri Dec 2024	596.00	612.95	626.95	590.25	1.073 times
13 Fri Dec 2024	603.45	639.45	639.45	599.00	1.039 times
06 Fri Dec 2024	643.35	647.00	669.00	636.30	0.087 times

Price has moved up 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
01 Wed Jan 2025	577.40	579.80	584.95	574.70	0.026 times
31 Tue Dec 2024	579.80	647.00	669.00	560.00	0.281 times
29 Fri Nov 2024	639.85	662.55	673.90	546.80	2.111 times
31 Thu Oct 2024	662.55	672.00	698.90	588.05	0.817 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

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 LOWS in short term which reflects strong selling momentum. 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 buy signal for Elgi Equipments in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 586.19 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 positive

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