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 2025-01-13 View latest technical analysis

10 day averaged volume of Elgi Equipments is 116983

Date	Daily Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	529.35	562.30	569.00	526.25	1.769 times
10 Fri Jan 2025	565.25	566.00	571.85	560.00	0.753 times
09 Thu Jan 2025	564.55	582.95	588.90	561.25	0.901 times
08 Wed Jan 2025	576.70	577.30	581.70	572.30	0.632 times
07 Tue Jan 2025	577.30	574.75	584.25	566.70	1.104 times
06 Mon Jan 2025	574.75	577.75	579.80	568.10	1.097 times
03 Fri Jan 2025	576.60	577.90	587.70	575.15	1.879 times
02 Thu Jan 2025	576.55	578.50	582.15	567.30	1.082 times
01 Wed Jan 2025	577.40	579.80	584.95	574.70	0.641 times
31 Tue Dec 2024	579.80	562.25	582.00	560.05	0.935 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 541.5, for a target of 562.7 or 580.29

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	526.25
Upside Target	546.80
Upside Target	560.00
Upside Target	587.70
Upside Target	590.25
Upside Target	603.80
Upside Target	626.95
Upside Target	662.60
Upside Target	669.00
Upside Target	673.90
Upside Target	698.90
Upside Target	752.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	514.07
Downside Intraday Target	498.78
Upside Intraday Target	556.82
Upside Intraday Target	584.28
Upside Intraday Target	541.53

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Mon Jan 2025	529.35	562.30	569.00	526.25	0.394 times
10 Fri Jan 2025	565.25	577.75	588.90	560.00	0.814 times
03 Fri Jan 2025	576.60	575.30	587.70	560.00	1.585 times
27 Fri Dec 2024	573.05	601.30	603.80	561.95	0.516 times
20 Fri Dec 2024	596.00	612.95	626.95	590.25	1.073 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
13 Mon Jan 2025	529.35	579.80	588.90	526.25	0.403 times
31 Tue Dec 2024	579.80	647.00	669.00	560.00	0.281 times
29 Fri Nov 2024	639.85	662.55	673.90	546.80	2.111 times
31 Thu Oct 2024	662.55	672.00	698.90	588.05	0.817 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal in short term and selling is picking up 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 567.27 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.