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.

10 day averaged volume of Elgi Equipments is 253237

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Sep 2025	490.90	495.00	495.80	486.25	0.675 times
02 Tue Sep 2025	494.70	474.00	503.00	471.60	3.393 times
01 Mon Sep 2025	473.85	475.70	478.70	469.00	0.806 times
29 Fri Aug 2025	471.85	486.00	486.45	469.85	1.209 times
28 Thu Aug 2025	484.60	483.00	487.10	475.00	1.085 times
26 Tue Aug 2025	483.30	496.10	496.10	480.10	0.694 times
25 Mon Aug 2025	496.55	503.80	505.90	495.00	0.513 times
22 Fri Aug 2025	499.60	504.00	510.00	498.60	0.593 times
21 Thu Aug 2025	505.40	507.75	512.75	503.00	0.539 times
20 Wed Aug 2025	506.55	504.50	510.75	503.20	0.542 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 482 as stoploss in an intra day buy trade for a target of 505.15. However, stock will show a bearish move below 482.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	433.55
Downside Target	469.00
Downside Target	489.90
Upside Target	512.75
Upside Target	522.40
Upside Target	527.35
Upside Target	548.40
Upside Target	563.55
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	472.27
Downside Intraday Target	453.63
Upside Intraday Target	506.27
Upside Intraday Target	521.63
Downside Intraday Target	487.63

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Sep 2025	490.90	475.70	503.00	469.00	1.392 times
29 Fri Aug 2025	471.85	503.80	505.90	469.85	0.886 times
22 Fri Aug 2025	499.60	497.00	512.75	497.00	0.769 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

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
03 Wed Sep 2025	490.90	475.70	503.00	469.00	0.203 times
29 Fri Aug 2025	471.85	569.30	588.70	469.85	0.223 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Weak and stock is gaining momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be coming down

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 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 489.74 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 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.