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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 2025-04-08 View latest technical analysis

10 day averaged volume of Elgi Equipments is 450232

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	417.95	430.10	440.00	412.30	1.335 times
07 Mon Apr 2025	419.45	414.85	430.00	402.05	1.924 times
04 Fri Apr 2025	447.00	480.10	480.10	441.00	0.703 times
03 Thu Apr 2025	480.15	482.60	486.45	475.45	0.417 times
02 Wed Apr 2025	482.60	479.30	490.20	471.30	0.524 times
01 Tue Apr 2025	478.25	485.70	486.05	474.10	0.316 times
28 Fri Mar 2025	481.70	489.05	500.80	478.65	0.492 times
27 Thu Mar 2025	489.75	485.00	492.45	478.70	0.874 times
26 Wed Mar 2025	488.55	502.95	505.15	485.85	0.507 times
25 Tue Mar 2025	500.15	508.50	517.95	491.80	1.349 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 440.4, but if it comes above 440.4, then a intra day buy could be more profitable.
If you take a sell trade below 440.4, then use 440.4 as stoploss and 403 as target. However if you take a buy trade in stock , then use 440.4 as stoploss and 471.65 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	402.05
Downside Target	412.40
Upside Target	421.25
Upside Target	462.10
Upside Target	478.65
Upside Target	490.20
Upside Target	512.85
Upside Target	526.65
Upside Target	560.00
Upside Target	575.00
Upside Target	588.90
Upside Target	669.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	400
Downside Intraday Target	382.05
Upside Intraday Target	437.95
Upside Intraday Target	457.95
Upside Intraday Target	420

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Apr 2025	417.95	414.85	440.00	402.05	1.662 times
04 Fri Apr 2025	447.00	485.70	490.20	441.00	0.321 times
28 Fri Mar 2025	481.70	494.90	517.95	478.65	0.072 times
21 Fri Mar 2025	493.80	440.00	526.65	433.00	20.045 times
13 Thu Mar 2025	443.50	453.00	462.10	421.25	1.001 times

Price has moved down 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
08 Tue Apr 2025	417.95	485.70	490.20	402.05	0.053 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
31 Fri Jan 2025	540.90	579.80	588.90	512.85	1.566 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 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 Strong and stock is losing momentum.

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

Elgi Equipments Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term but selling is losing 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 458.58 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.