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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 2025-02-13 View latest technical analysis

10 day averaged volume of Elgi Equipments is 430162

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	526.35	553.45	553.45	521.00	0.478 times
12 Wed Feb 2025	550.40	530.00	575.00	530.00	5.929 times
11 Tue Feb 2025	536.25	536.70	539.00	521.45	0.372 times
10 Mon Feb 2025	546.85	559.00	561.65	544.00	0.167 times
07 Fri Feb 2025	558.55	561.45	565.75	554.85	0.156 times
06 Thu Feb 2025	561.45	544.75	564.00	544.05	0.352 times
05 Wed Feb 2025	546.15	539.75	551.40	535.15	0.28 times
04 Tue Feb 2025	541.25	545.15	554.00	538.00	0.153 times
03 Mon Feb 2025	547.85	535.00	567.30	530.00	1.975 times
31 Fri Jan 2025	540.90	530.35	543.50	529.75	0.406 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 529.6, but if it comes above 529.6, then a intra day buy could be more profitable.
If you take a sell trade below 529.6, then use 529.6 as stoploss and 515.8 as target. However if you take a buy trade in stock , then use 529.6 as stoploss and 540.99 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	512.85
Upside Target	543.50
Upside Target	560.00
Upside Target	569.95
Upside Target	575.00
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	506.57
Downside Intraday Target	486.78
Upside Intraday Target	560.57
Upside Intraday Target	594.78
Upside Intraday Target	540.78

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	526.35	559.00	575.00	521.00	2.382 times
07 Fri Feb 2025	558.55	535.00	567.30	530.00	2.104 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

Price has moved down 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
13 Thu Feb 2025	526.35	535.00	575.00	521.00	0.947 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 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 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 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 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.

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 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

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 548.09 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.