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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 2025-05-15 View latest technical analysis

10 day averaged volume of Elgi Equipments is 257688

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu May 2025	480.85	471.00	482.95	469.60	1.7 times
14 Wed May 2025	470.15	465.00	474.80	461.25	1.241 times
13 Tue May 2025	461.10	467.40	471.55	457.10	0.94 times
12 Mon May 2025	463.50	463.00	467.55	450.55	1.594 times
09 Fri May 2025	440.45	436.00	446.00	436.00	0.703 times
08 Thu May 2025	449.55	462.00	462.40	447.00	0.613 times
07 Wed May 2025	457.40	440.00	464.50	433.55	1.307 times
06 Tue May 2025	440.80	462.30	462.30	439.00	0.723 times
05 Mon May 2025	458.30	450.95	459.85	447.85	0.798 times
02 Fri May 2025	450.15	444.00	452.75	440.75	0.958 times

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 482.5, for a target of 468.6 or 456.97

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	424.00
Downside Target	450.55
Upside Target	482.95
Upside Target	486.70
Upside Target	490.20
Upside Target	512.85
Upside Target	526.65
Upside Target	575.00
Upside Target	588.90

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	459.95
Downside Intraday Target	439.05
Upside Intraday Target	492.35
Upside Intraday Target	503.85
Downside Intraday Target	471.45

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu May 2025	480.85	463.00	482.95	450.55	1.321 times
09 Fri May 2025	440.45	450.95	464.50	433.55	1.174 times
02 Fri May 2025	450.15	451.00	468.00	440.75	0.231 times
25 Fri Apr 2025	454.55	442.20	486.70	437.00	0.829 times
17 Thu Apr 2025	440.15	428.00	458.00	424.00	1.209 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
15 Thu May 2025	480.85	444.00	482.95	433.55	0.192 times
30 Wed Apr 2025	445.45	485.70	490.20	401.00	0.319 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

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 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. 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 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 positive zone. This is a BUY 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 460.61 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.