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 2025-08-18 View latest technical analysis

10 day averaged volume of Elgi Equipments is 419409

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Aug 2025	504.65	497.00	509.40	497.00	0.997 times
14 Thu Aug 2025	493.10	504.50	505.00	489.90	0.524 times
13 Wed Aug 2025	500.30	520.00	522.40	499.50	0.916 times
12 Tue Aug 2025	518.55	508.35	522.40	508.35	0.627 times
11 Mon Aug 2025	508.90	511.10	518.85	501.50	1.036 times
08 Fri Aug 2025	512.25	534.00	534.35	509.50	0.671 times
07 Thu Aug 2025	532.60	545.00	547.25	524.20	0.724 times
06 Wed Aug 2025	545.70	575.00	588.70	542.00	2.903 times
05 Tue Aug 2025	571.95	560.00	577.40	559.30	1.613 times
04 Mon Aug 2025	563.20	564.00	568.00	553.30	0.551 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 516.6, but if it comes above 516.6, then a intra day buy could be more profitable.
If you take a sell trade below 516.6, then use 516.6 as stoploss and 481.1 as target. However if you take a buy trade in stock , then use 516.6 as stoploss and 546.08 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	433.55
Downside Target	489.90
Upside Target	522.40
Upside Target	539.70
Upside Target	548.40
Upside Target	563.55
Upside Target	578.45
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	497.97
Downside Intraday Target	491.28
Upside Intraday Target	510.37
Upside Intraday Target	516.08
Downside Intraday Target	503.68

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Aug 2025	504.65	497.00	509.40	497.00	0.321 times
14 Thu Aug 2025	493.10	511.10	522.40	489.90	0.48 times
08 Fri Aug 2025	512.25	564.00	588.70	509.50	1.66 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

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
18 Mon Aug 2025	504.65	569.30	588.70	489.90	0.169 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 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 moving up

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 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 531.96 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.