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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 2025-02-06 View latest technical analysis

10 day averaged volume of Elgi Equipments is 197778

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	561.45	544.75	564.00	544.05	0.765 times
05 Wed Feb 2025	546.15	539.75	551.40	535.15	0.61 times
04 Tue Feb 2025	541.25	545.15	554.00	538.00	0.333 times
03 Mon Feb 2025	547.85	535.00	567.30	530.00	4.295 times
31 Fri Jan 2025	540.90	530.35	543.50	529.75	0.882 times
30 Thu Jan 2025	530.25	530.00	542.00	525.15	0.456 times
29 Wed Jan 2025	524.80	522.60	530.05	521.15	0.31 times
28 Tue Jan 2025	522.60	530.00	531.30	514.15	0.821 times
27 Mon Jan 2025	531.35	535.00	536.00	522.15	0.545 times
24 Fri Jan 2025	540.45	552.30	552.30	531.00	0.338 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 566.3, for a target of 551.7 or 539.45

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	512.85
Downside Target	526.25
Downside Target	543.50
Downside Target	560.00
Upside Target	569.00
Upside Target	569.95
Upside Target	588.05
Upside Target	588.90
Upside Target	669.00
Upside Target	673.90
Upside Target	698.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	538.53
Downside Intraday Target	515.62
Upside Intraday Target	575.83
Upside Intraday Target	590.22
Downside Intraday Target	552.92

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	561.45	535.00	567.30	530.00	1.992 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Feb 2025	561.45	535.00	567.30	530.00	0.265 times
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

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 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 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 BUY. Signal strength is Strong and stock is gaining 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. Bulls are getting stronger in this stock.

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 542.9 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.