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 2025-03-18 View latest technical analysis

10 day averaged volume of Elgi Equipments is 2445527

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Mar 2025	507.25	500.00	513.95	486.90	5.391 times
17 Mon Mar 2025	505.05	440.00	526.65	433.00	8.451 times
13 Thu Mar 2025	443.50	427.75	453.45	421.25	0.582 times
12 Wed Mar 2025	425.90	433.05	438.20	424.00	0.052 times
11 Tue Mar 2025	431.95	429.00	434.00	423.75	0.062 times
10 Mon Mar 2025	435.50	453.00	462.10	432.00	0.079 times
07 Fri Mar 2025	455.10	440.95	474.00	436.15	0.363 times
06 Thu Mar 2025	439.95	446.00	450.00	438.00	0.111 times
05 Wed Mar 2025	440.10	431.90	444.05	431.90	0.088 times
04 Tue Mar 2025	431.60	419.15	438.70	415.45	0.114 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant upmove. This could be a good time to enter in this stock!

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 512.6, for a target of 482.1 or 456.75

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	412.40
Downside Target	421.25
Downside Target	456.65
Downside Target	474.00
Downside Target	494.90
Upside Target	512.85
Upside Target	526.65
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	451.28
Downside Intraday Target	395.32
Upside Intraday Target	544.93
Upside Intraday Target	582.62
Downside Intraday Target	488.97

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Mar 2025	507.25	440.00	526.65	433.00	17.864 times
13 Thu Mar 2025	443.50	453.00	462.10	421.25	1.001 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

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
18 Tue Mar 2025	507.25	429.35	526.65	412.40	5.866 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, and volume has increased substantially. This means that the move can 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 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 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 Strong and stock is losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 but buying 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 499.98 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.