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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 2025-04-15 View latest technical analysis

10 day averaged volume of Elgi Equipments is 543166

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Apr 2025	450.95	428.00	458.00	424.00	6.088 times
11 Fri Apr 2025	422.15	421.00	431.10	402.30	3.879 times
09 Wed Apr 2025	402.20	417.05	419.95	401.00	0.661 times
08 Tue Apr 2025	417.95	430.10	440.00	412.30	1.107 times
07 Mon Apr 2025	419.45	414.85	430.00	402.05	1.595 times
04 Fri Apr 2025	447.00	480.10	480.10	441.00	0.583 times
03 Thu Apr 2025	480.15	482.60	486.45	475.45	0.345 times
02 Wed Apr 2025	482.60	479.30	490.20	471.30	0.435 times
01 Tue Apr 2025	478.25	485.70	486.05	474.10	0.262 times
28 Fri Mar 2025	481.70	489.05	500.80	478.65	0.408 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant upmove. This could be a good time to enter in this stock!

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 437.4 as stoploss in an intra day buy trade for a target of 470.75. However, stock will show a bearish move below 437.4.

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	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	430.63
Downside Intraday Target	410.32
Upside Intraday Target	464.63
Upside Intraday Target	478.32
Downside Intraday Target	444.32

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Apr 2025	450.95	428.00	458.00	424.00	0.841 times
11 Fri Apr 2025	422.15	414.85	440.00	401.00	4.456 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

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
15 Tue Apr 2025	450.95	485.70	490.20	401.00	0.182 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 in or above 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 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 438.62 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 rising upwards.

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.