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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.

Showing technical analysis as on 2025-01-31 View latest technical analysis

10 day averaged volume of Elgi Equipments is 270617

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	540.90	530.35	543.50	529.75	0.645 times
30 Thu Jan 2025	530.25	530.00	542.00	525.15	0.333 times
29 Wed Jan 2025	524.80	522.60	530.05	521.15	0.226 times
28 Tue Jan 2025	522.60	530.00	531.30	514.15	0.6 times
27 Mon Jan 2025	531.35	535.00	536.00	522.15	0.398 times
24 Fri Jan 2025	540.45	552.30	552.30	531.00	0.247 times
23 Thu Jan 2025	548.30	541.40	559.30	541.40	1.03 times
22 Wed Jan 2025	558.80	533.75	569.95	527.05	6.179 times
21 Tue Jan 2025	529.10	550.00	551.05	526.25	0.296 times
20 Mon Jan 2025	547.00	530.20	549.90	530.20	0.412 times

My analysis of stock is bearish for shortterm, and stock might move down till 526.1 or till 504.3. Use a stoploss of 544.28 and if the stock hits stoploss, then it can shoot up till 562.46

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	512.85
Downside Target	526.25
Upside Target	543.50
Upside Target	560.00
Upside Target	587.70
Upside Target	588.90
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	522.2
Downside Intraday Target	503.5
Upside Intraday Target	551.55
Upside Intraday Target	562.2
Downside Intraday Target	532.85

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	540.90	535.00	543.50	514.15	0.27 times
24 Fri Jan 2025	540.45	530.20	569.95	526.25	3.029 times
17 Fri Jan 2025	531.20	562.30	569.00	512.85	1.389 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

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
31 Fri Jan 2025	540.90	579.80	588.90	512.85	1.566 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, and volume has increased substantially. This means that the move can 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 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 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 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 losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy signal is initial and weak.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Equipments in short term and BUY 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

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 550.08 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 is giving positive 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.