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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 2025-02-27 View latest technical analysis

10 day averaged volume of Elgi Equipments is 461842

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	452.95	459.00	464.95	446.60	0.258 times
25 Tue Feb 2025	463.45	468.05	472.00	460.35	0.205 times
24 Mon Feb 2025	466.70	475.10	475.95	462.70	0.242 times
21 Fri Feb 2025	476.60	482.25	491.75	471.15	0.328 times
20 Thu Feb 2025	480.25	475.00	494.90	471.65	1.247 times
19 Wed Feb 2025	474.75	465.70	483.20	456.65	0.807 times
18 Tue Feb 2025	471.40	485.30	488.70	465.60	0.201 times
17 Mon Feb 2025	484.95	488.65	490.45	467.90	0.505 times
14 Fri Feb 2025	491.05	524.00	524.00	486.10	0.497 times
13 Thu Feb 2025	526.35	553.45	553.45	521.00	0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 475.7, but if it comes above 475.7, then a intra day buy could be more profitable.
If you take a sell trade below 475.7, then use 475.7 as stoploss and 431.7 as target. However if you take a buy trade in stock , then use 475.7 as stoploss and 512.42 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	446.60
Upside Target	456.65
Upside Target	475.95
Upside Target	486.10
Upside Target	512.85
Upside Target	530.00
Upside Target	543.50
Upside Target	560.00
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	441.05
Downside Intraday Target	429.15
Upside Intraday Target	470.4
Upside Intraday Target	487.85
Upside Intraday Target	458.5

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	452.95	475.10	475.95	446.60	0.228 times
21 Fri Feb 2025	476.60	488.65	494.90	456.65	0.443 times
14 Fri Feb 2025	491.05	559.00	575.00	486.10	2.565 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

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
27 Thu Feb 2025	452.95	535.00	575.00	446.60	1.389 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 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 but selling is losing 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 481.74 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.