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 2025-05-29 View latest technical analysis

10 day averaged volume of Elgi Equipments is 499575

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	499.10	508.10	518.00	492.00	2.666 times
28 Wed May 2025	504.45	502.05	511.00	493.25	2.131 times
27 Tue May 2025	497.80	485.00	504.95	479.00	3.715 times
26 Mon May 2025	479.20	480.50	489.80	474.15	0.691 times
23 Fri May 2025	476.40	474.80	478.00	466.70	0.295 times
22 Thu May 2025	472.45	470.00	476.20	468.20	0.199 times
21 Wed May 2025	471.65	475.50	478.75	467.30	0.373 times
20 Tue May 2025	473.10	486.50	488.20	471.15	0.317 times
19 Mon May 2025	482.30	482.50	489.45	477.10	0.774 times
16 Fri May 2025	478.55	483.95	484.45	474.00	0.63 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 488, but if it comes below 488, then a intra day sell could be more profitable.
If you take a sell trade below 488, then use 488 as stoploss and 470.36 as target. However if you take a buy trade in stock , then use 488 as stoploss and 509.2 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	426.25
Downside Target	450.55
Downside Target	464.50
Downside Target	484.45
Downside Target	490.20
Upside Target	512.85
Upside Target	518.00
Upside Target	526.65
Upside Target	575.00
Upside Target	588.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	476.17
Downside Intraday Target	453.23
Upside Intraday Target	520.02
Upside Intraday Target	540.93
Downside Intraday Target	497.08

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	499.10	480.50	518.00	474.15	4.703 times
23 Fri May 2025	476.40	482.50	489.45	466.70	0.567 times
16 Fri May 2025	478.55	463.00	484.45	450.55	1.616 times
09 Fri May 2025	440.45	450.95	464.50	433.55	1.174 times
02 Fri May 2025	450.15	451.00	468.00	440.75	0.231 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
29 Thu May 2025	499.10	444.00	518.00	433.55	0.607 times
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 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

Scroll below to view daily charts

Price has moved up 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 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 mid to longer 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.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elgi Equipments in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Elgi Equipments in short term and BUY signal is strong.

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 493.71 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.