Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-03-11 View latest technical analysis

10 day averaged volume of Elgi Equipments is 260407

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	431.95	429.00	434.00	423.75	0.586 times
10 Mon Mar 2025	435.50	453.00	462.10	432.00	0.739 times
07 Fri Mar 2025	455.10	440.95	474.00	436.15	3.406 times
06 Thu Mar 2025	439.95	446.00	450.00	438.00	1.042 times
05 Wed Mar 2025	440.10	431.90	444.05	431.90	0.827 times
04 Tue Mar 2025	431.60	419.15	438.70	415.45	1.072 times
03 Mon Mar 2025	419.95	429.35	434.45	412.40	0.922 times
28 Fri Feb 2025	428.10	447.95	451.00	426.25	0.74 times
27 Thu Feb 2025	452.95	459.00	464.95	446.60	0.458 times
25 Tue Feb 2025	463.45	468.05	472.00	460.35	0.363 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 432.2, but if it comes above 432.2, then a intra day buy could be more profitable.
If you take a sell trade below 432.2, then use 432.2 as stoploss and 389.3 as target. However if you take a buy trade in stock , then use 432.2 as stoploss and 467.87 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	412.40
Downside Target	423.75
Upside Target	456.65
Upside Target	474.00
Upside Target	486.10
Upside Target	512.85
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	416.43
Downside Intraday Target	400.92
Upside Intraday Target	454.78
Upside Intraday Target	477.62
Upside Intraday Target	439.27

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Mar 2025	431.95	453.00	462.10	423.75	0.182 times
07 Fri Mar 2025	455.10	429.35	474.00	412.40	3.65 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

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
11 Tue Mar 2025	431.95	429.35	474.00	412.40	0.349 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 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 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 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 Weak 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. 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

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 442.12 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.