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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 2025-03-06 View latest technical analysis

10 day averaged volume of Elgi Equipments is 235350

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Mar 2025	439.95	446.00	450.00	438.00	1.153 times
05 Wed Mar 2025	440.10	431.90	444.05	431.90	0.915 times
04 Tue Mar 2025	431.60	419.15	438.70	415.45	1.186 times
03 Mon Mar 2025	419.95	429.35	434.45	412.40	1.02 times
28 Fri Feb 2025	428.10	447.95	451.00	426.25	0.819 times
27 Thu Feb 2025	452.95	459.00	464.95	446.60	0.507 times
25 Tue Feb 2025	463.45	468.05	472.00	460.35	0.402 times
24 Mon Feb 2025	466.70	475.10	475.95	462.70	0.476 times
21 Fri Feb 2025	476.60	482.25	491.75	471.15	0.644 times
20 Thu Feb 2025	480.25	475.00	494.90	471.65	2.447 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 440.2, but if it comes above 440.2, then a intra day buy could be more profitable.
If you take a sell trade below 440.2, then use 440.2 as stoploss and 386.3 as target. However if you take a buy trade in stock , then use 440.2 as stoploss and 485.08 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	412.40
Downside Target	426.25
Upside Target	450.00
Upside Target	475.95
Upside Target	486.10
Upside Target	512.85
Upside Target	530.00
Upside Target	546.80
Upside Target	560.00
Upside Target	575.00
Upside Target	588.90
Upside Target	669.00
Upside Target	673.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	418.23
Downside Intraday Target	396.52
Upside Intraday Target	455.83
Upside Intraday Target	471.72
Downside Intraday Target	434.12

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Mar 2025	439.95	429.35	450.00	412.40	1.94 times
28 Fri Feb 2025	428.10	475.10	475.95	426.25	0.364 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

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 Mar 2025	439.95	429.35	450.00	412.40	0.157 times
28 Fri Feb 2025	428.10	535.00	575.00	426.25	1.432 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

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 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 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 losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.

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 451.56 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.