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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 255050

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Sep 2025	470.20	477.50	477.50	468.10	0.658 times
08 Mon Sep 2025	473.70	478.55	480.95	472.30	0.491 times
05 Fri Sep 2025	477.05	485.70	486.65	474.30	0.662 times
04 Thu Sep 2025	485.75	495.10	497.85	482.00	0.532 times
03 Wed Sep 2025	490.90	495.00	495.80	486.25	0.67 times
02 Tue Sep 2025	494.70	474.00	503.00	471.60	3.369 times
01 Mon Sep 2025	473.85	475.70	478.70	469.00	0.8 times
29 Fri Aug 2025	471.85	486.00	486.45	469.85	1.2 times
28 Thu Aug 2025	484.60	483.00	487.10	475.00	1.078 times
26 Tue Aug 2025	483.30	496.10	496.10	480.10	0.689 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 478.4, but if it comes above 478.4, then a intra day buy could be more profitable.
If you take a sell trade below 478.4, then use 478.4 as stoploss and 461.7 as target. However if you take a buy trade in stock , then use 478.4 as stoploss and 492.36 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	433.55
Downside Target	468.10
Upside Target	480.95
Upside Target	505.90
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	465.22
Downside Intraday Target	460.23
Upside Intraday Target	478.07
Upside Intraday Target	485.93
Upside Intraday Target	473.08

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Sep 2025	470.20	478.55	480.95	468.10	0.19 times
05 Fri Sep 2025	477.05	475.70	503.00	469.00	1.736 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

Price has moved down 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
09 Tue Sep 2025	470.20	475.70	503.00	468.10	0.301 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 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 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 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 getting stronger in this stock.

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elgi Equipments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 484.03 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.