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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 2025-08-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1094033

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Aug 2025	571.95	560.00	577.40	559.30	0.618 times
04 Mon Aug 2025	563.20	564.00	568.00	553.30	0.211 times
01 Fri Aug 2025	558.10	569.30	571.20	555.00	0.167 times
31 Thu Jul 2025	568.35	555.00	574.00	554.60	0.227 times
30 Wed Jul 2025	567.35	564.90	573.95	562.30	0.178 times
29 Tue Jul 2025	562.60	550.00	565.00	539.70	0.418 times
28 Mon Jul 2025	550.50	571.05	578.45	547.20	0.501 times
25 Fri Jul 2025	573.10	588.00	589.15	570.55	0.375 times
24 Thu Jul 2025	593.55	592.45	608.40	586.75	1.515 times
23 Wed Jul 2025	589.75	555.20	596.70	552.05	6.214 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 573.7 as stoploss in an intra day sell trade for a target of 560.76. However, stock will show a bullish move above 573.7.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	433.55
Downside Target	490.20
Downside Target	504.80
Downside Target	527.35
Downside Target	539.70
Downside Target	563.55
Downside Target	568.00
Upside Target	577.40
Upside Target	578.45
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	557.7
Downside Intraday Target	543.45
Upside Intraday Target	581.8
Upside Intraday Target	591.65
Downside Intraday Target	567.55

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Aug 2025	571.95	564.00	577.40	553.30	0.556 times
01 Fri Aug 2025	558.10	571.05	578.45	539.70	0.176 times
25 Fri Jul 2025	573.10	548.50	608.40	546.05	2.55 times
18 Fri Jul 2025	548.95	548.00	559.95	542.05	0.308 times
11 Fri Jul 2025	551.05	528.00	568.00	528.00	8.794 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
05 Tue Aug 2025	571.95	569.30	577.40	553.30	0.04 times
31 Thu Jul 2025	568.35	539.75	608.40	527.35	1.482 times
30 Mon Jun 2025	536.45	540.00	563.55	504.80	1.228 times
30 Fri May 2025	535.20	444.00	548.40	433.55	1.055 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Elgi Equipments in short term but the sell 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 green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 583.78 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 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.