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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.

10 day averaged volume of Elgi Equipments is 1312710

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Jul 2025	552.65	548.00	556.50	542.15	0.209 times
11 Fri Jul 2025	551.05	555.60	561.50	548.05	0.241 times
10 Thu Jul 2025	556.40	563.00	566.90	553.00	0.961 times
09 Wed Jul 2025	550.30	540.20	568.00	540.20	5.126 times
08 Tue Jul 2025	534.10	536.10	553.90	531.00	2.509 times
07 Mon Jul 2025	532.10	528.00	540.95	528.00	0.142 times
04 Fri Jul 2025	531.05	537.55	540.55	527.35	0.155 times
03 Thu Jul 2025	537.55	532.00	541.95	528.10	0.389 times
02 Wed Jul 2025	531.15	539.85	539.85	528.90	0.115 times
01 Tue Jul 2025	535.30	539.75	544.75	533.65	0.167 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 545.5, but if it comes below 545.5, then a intra day sell could be more profitable.
If you take a sell trade below 545.5, then use 545.5 as stoploss and 534.45 as target. However if you take a buy trade in stock , then use 545.5 as stoploss and 558.8 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	433.55
Downside Target	490.20
Downside Target	504.80
Downside Target	526.65
Downside Target	542.15
Downside Target	548.40
Upside Target	556.50
Upside Target	556.75
Upside Target	563.55
Upside Target	568.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	544.37
Downside Intraday Target	536.08
Upside Intraday Target	558.72
Upside Intraday Target	564.78
Downside Intraday Target	550.43

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Jul 2025	552.65	548.00	556.50	542.15	0.023 times
11 Fri Jul 2025	551.05	528.00	568.00	528.00	8.794 times
04 Fri Jul 2025	531.05	539.90	544.75	527.35	0.415 times
27 Fri Jun 2025	536.45	506.90	544.00	505.40	0.395 times
20 Fri Jun 2025	510.25	536.50	556.75	504.80	1.879 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
14 Mon Jul 2025	552.65	539.75	568.00	527.35	0.715 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
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Elgi Equipments in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 545.37 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.