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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 2025-04-02 View latest technical analysis

10 day averaged volume of Elgi Equipments is 2021202

Date	Daily Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	482.60	479.30	490.20	471.30	0.117 times
01 Tue Apr 2025	478.25	485.70	486.05	474.10	0.07 times
28 Fri Mar 2025	481.70	489.05	500.80	478.65	0.11 times
27 Thu Mar 2025	489.75	485.00	492.45	478.70	0.195 times
26 Wed Mar 2025	488.55	502.95	505.15	485.85	0.113 times
25 Tue Mar 2025	500.15	508.50	517.95	491.80	0.301 times
24 Mon Mar 2025	505.40	494.90	516.30	494.90	0.644 times
21 Fri Mar 2025	493.80	491.00	500.15	491.00	0.319 times
20 Thu Mar 2025	490.80	504.80	512.60	488.60	0.535 times
19 Wed Mar 2025	508.30	507.00	523.05	501.10	1.191 times

My analysis of stock is bullish for shortterm, and stock might move up till 501 or till 536. Use a stoploss of 471.76 and if this stock hits its stoploss, then it can fall down till 442.55

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	412.40
Downside Target	421.25
Downside Target	462.10
Upside Target	490.20
Upside Target	512.85
Upside Target	517.95
Upside Target	526.65
Upside Target	560.00
Upside Target	575.00
Upside Target	588.90
Upside Target	669.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	472.53
Downside Intraday Target	462.47
Upside Intraday Target	491.43
Upside Intraday Target	500.27
Downside Intraday Target	481.37

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	482.60	485.70	490.20	471.30	0.137 times
28 Fri Mar 2025	481.70	494.90	517.95	478.65	0.072 times
21 Fri Mar 2025	493.80	440.00	526.65	433.00	20.045 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

Price has moved up 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
02 Wed Apr 2025	482.60	485.70	490.20	471.30	0.009 times
28 Fri Mar 2025	481.70	429.35	526.65	412.40	6.939 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

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 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 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 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 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 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 in or above the red cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 499.35 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.