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 2025-01-23 View latest technical analysis

10 day averaged volume of Elgi Equipments is 278654

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	548.30	541.40	559.30	541.40	1.001 times
22 Wed Jan 2025	558.80	533.75	569.95	527.05	6.001 times
21 Tue Jan 2025	529.10	550.00	551.05	526.25	0.287 times
20 Mon Jan 2025	547.00	530.20	549.90	530.20	0.4 times
17 Fri Jan 2025	531.20	533.55	536.40	523.85	0.27 times
16 Thu Jan 2025	534.40	527.05	542.35	527.00	0.207 times
15 Wed Jan 2025	524.80	535.10	542.65	512.85	1.024 times
14 Tue Jan 2025	533.65	535.05	539.45	522.30	0.374 times
13 Mon Jan 2025	529.35	562.30	569.00	526.25	0.742 times
10 Fri Jan 2025	565.25	566.00	571.85	560.00	0.316 times

My analysis of stock is bearish for shortterm, and stock might move down till 537.4 or till 513.9. Use a stoploss of 557.05 and if the stock hits stoploss, then it can shoot up till 576.68

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	512.85
Downside Target	526.25
Downside Target	546.80
Upside Target	560.00
Upside Target	587.70
Upside Target	588.90
Upside Target	603.80
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	526.38
Downside Intraday Target	504.47
Upside Intraday Target	570.08
Upside Intraday Target	591.87
Downside Intraday Target	548.17

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	548.30	530.20	569.95	526.25	2.938 times
17 Fri Jan 2025	531.20	562.30	569.00	512.85	1.389 times
10 Fri Jan 2025	565.25	577.75	588.90	560.00	0.814 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	548.30	579.80	588.90	512.85	1.335 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 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 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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 549.36 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.