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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 434315

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Aug 2025	508.90	511.10	518.85	501.50	1 times
08 Fri Aug 2025	512.25	534.00	534.35	509.50	0.648 times
07 Thu Aug 2025	532.60	545.00	547.25	524.20	0.699 times
06 Wed Aug 2025	545.70	575.00	588.70	542.00	2.803 times
05 Tue Aug 2025	571.95	560.00	577.40	559.30	1.557 times
04 Mon Aug 2025	563.20	564.00	568.00	553.30	0.532 times
01 Fri Aug 2025	558.10	569.30	571.20	555.00	0.421 times
31 Thu Jul 2025	568.35	555.00	574.00	554.60	0.573 times
30 Wed Jul 2025	567.35	564.90	573.95	562.30	0.449 times
29 Tue Jul 2025	562.60	550.00	565.00	539.70	1.054 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 509.9, for a target of 534.6 or 555.21

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	433.55
Downside Target	490.20
Downside Target	501.50
Upside Target	539.70
Upside Target	559.95
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	500.65
Downside Intraday Target	492.4
Upside Intraday Target	518
Upside Intraday Target	527.1
Upside Intraday Target	509.75

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Aug 2025	508.90	511.10	518.85	501.50	0.16 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
18 Fri Jul 2025	548.95	548.00	559.95	542.05	0.308 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
11 Mon Aug 2025	508.90	569.30	588.70	501.50	0.122 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 but selling is losing 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 548.61 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.