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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 2025-04-07 View latest technical analysis

10 day averaged volume of Elgi Equipments is 428015

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	419.45	414.85	430.00	402.05	2.024 times
04 Fri Apr 2025	447.00	480.10	480.10	441.00	0.74 times
03 Thu Apr 2025	480.15	482.60	486.45	475.45	0.438 times
02 Wed Apr 2025	482.60	479.30	490.20	471.30	0.552 times
01 Tue Apr 2025	478.25	485.70	486.05	474.10	0.333 times
28 Fri Mar 2025	481.70	489.05	500.80	478.65	0.518 times
27 Thu Mar 2025	489.75	485.00	492.45	478.70	0.92 times
26 Wed Mar 2025	488.55	502.95	505.15	485.85	0.534 times
25 Tue Mar 2025	500.15	508.50	517.95	491.80	1.419 times
24 Mon Mar 2025	505.40	494.90	516.30	494.90	3.042 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 409.8, for a target of 444.5 or 473.51

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	402.05
Downside Target	412.40
Upside Target	421.25
Upside Target	462.10
Upside Target	478.65
Upside Target	490.20
Upside Target	512.85
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	404.33
Downside Intraday Target	389.22
Upside Intraday Target	432.28
Upside Intraday Target	445.12
Downside Intraday Target	417.17

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Apr 2025	419.45	414.85	430.00	402.05	0.981 times
04 Fri Apr 2025	447.00	485.70	490.20	441.00	0.321 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

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
07 Mon Apr 2025	419.45	485.70	490.20	402.05	0.039 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 and selling is picking up 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 477.55 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.