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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 2025-04-25 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1130872

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Apr 2025	454.55	475.00	475.00	447.20	0.407 times
24 Thu Apr 2025	470.80	478.25	486.70	468.20	0.695 times
23 Wed Apr 2025	474.60	461.00	479.80	460.45	0.634 times
22 Tue Apr 2025	459.55	454.80	467.30	450.50	0.444 times
21 Mon Apr 2025	454.80	442.20	462.70	437.00	1.308 times
17 Thu Apr 2025	440.15	444.00	449.40	435.10	0.831 times
16 Wed Apr 2025	441.10	450.00	456.20	439.50	0.452 times
15 Tue Apr 2025	450.95	428.00	458.00	424.00	2.924 times
11 Fri Apr 2025	422.15	421.00	431.10	402.30	1.863 times
09 Wed Apr 2025	402.20	417.05	419.95	401.00	0.318 times

My analysis of stock is bearish for shortterm, and stock might move down till 430.9 or till 398.6. Use a stoploss of 457.82 and if the stock hits stoploss, then it can shoot up till 484.76

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	424.00
Downside Target	437.00
Upside Target	458.00
Upside Target	478.65
Upside Target	512.85
Upside Target	517.95
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	432.13
Downside Intraday Target	409.72
Upside Intraday Target	481.83
Upside Intraday Target	509.12
Upside Intraday Target	459.42

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Apr 2025	454.55	442.20	486.70	437.00	0.829 times
17 Thu Apr 2025	440.15	428.00	458.00	424.00	1.209 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

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
25 Fri Apr 2025	454.55	485.70	490.20	401.00	0.304 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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

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 446.55 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 is giving positive 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.