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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 2025-08-20 View latest technical analysis

10 day averaged volume of Elgi Equipments is 435665

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Aug 2025	506.55	504.50	510.75	503.20	0.315 times
19 Tue Aug 2025	507.70	504.95	512.75	501.60	0.364 times
18 Mon Aug 2025	504.65	497.00	509.40	497.00	0.96 times
14 Thu Aug 2025	493.10	504.50	505.00	489.90	0.505 times
13 Wed Aug 2025	500.30	520.00	522.40	499.50	0.882 times
12 Tue Aug 2025	518.55	508.35	522.40	508.35	0.603 times
11 Mon Aug 2025	508.90	511.10	518.85	501.50	0.997 times
08 Fri Aug 2025	512.25	534.00	534.35	509.50	0.646 times
07 Thu Aug 2025	532.60	545.00	547.25	524.20	0.697 times
06 Wed Aug 2025	545.70	575.00	588.70	542.00	2.795 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 509.9, but if it comes above 509.9, then a intra day buy could be more profitable.
If you take a sell trade below 509.9, then use 509.9 as stoploss and 472 as target. However if you take a buy trade in stock , then use 509.9 as stoploss and 541.44 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	539.70
Upside Target	546.05
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	498.12
Downside Intraday Target	489.68
Upside Intraday Target	513.87
Upside Intraday Target	521.18
Downside Intraday Target	505.43

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Aug 2025	506.55	497.00	512.75	497.00	0.549 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
20 Wed Aug 2025	506.55	569.30	588.70	489.90	0.18 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 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 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 gaining 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 weakening, and bulls 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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 521.06 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.