Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-01-07 View latest technical analysis

10 day averaged volume of Elgi Equipments is 118003

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	577.30	574.75	584.25	566.70	1.095 times
06 Mon Jan 2025	574.75	577.75	579.80	568.10	1.088 times
03 Fri Jan 2025	576.60	577.90	587.70	575.15	1.862 times
02 Thu Jan 2025	576.55	578.50	582.15	567.30	1.072 times
01 Wed Jan 2025	577.40	579.80	584.95	574.70	0.636 times
31 Tue Dec 2024	579.80	562.25	582.00	560.05	0.927 times
30 Mon Dec 2024	562.35	575.30	575.50	560.00	0.968 times
27 Fri Dec 2024	573.05	587.00	592.25	561.95	1.238 times
26 Thu Dec 2024	585.80	586.20	591.85	581.80	0.583 times
24 Tue Dec 2024	585.55	586.00	590.80	581.00	0.986 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 574.8 as stoploss in an intra day buy trade for a target of 591.22. However, stock will show a bearish move below 574.8.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	546.80
Downside Target	560.00
Upside Target	584.25
Upside Target	603.80
Upside Target	626.95
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	567.92
Downside Intraday Target	558.53
Upside Intraday Target	585.47
Upside Intraday Target	593.63
Downside Intraday Target	576.08

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	577.30	577.75	584.25	566.70	0.399 times
03 Fri Jan 2025	576.60	575.30	587.70	560.00	1.585 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

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
07 Tue Jan 2025	577.30	579.80	587.70	566.70	0.237 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 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 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 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 moving up

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 but buying is losing 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 576.43 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 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.