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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.

10 day averaged volume of Elgi Equipments is 381532

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Dec 2025	478.55	488.65	493.00	475.60	1.539 times
15 Mon Dec 2025	488.65	487.90	494.20	486.80	0.795 times
13 Sat Dec 2025	487.90	487.25	490.80	484.15	0.832 times
12 Fri Dec 2025	487.90	487.25	490.80	484.15	0.832 times
11 Thu Dec 2025	484.75	485.75	489.65	482.00	0.475 times
10 Wed Dec 2025	485.60	492.95	492.95	484.00	0.962 times
09 Tue Dec 2025	492.75	484.10	496.15	476.30	1.07 times
08 Mon Dec 2025	483.25	503.50	503.50	482.10	0.98 times
05 Fri Dec 2025	500.80	492.00	504.00	492.00	1.178 times
04 Thu Dec 2025	491.45	508.50	508.50	489.85	1.159 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 484.7, but if it comes above 484.7, then a intra day buy could be more profitable.
If you take a sell trade below 484.7, then use 484.7 as stoploss and 473.7 as target. However if you take a buy trade in stock , then use 484.7 as stoploss and 493.93 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Upside Target	489.85
Upside Target	503.50
Upside Target	509.90
Upside Target	513.30
Upside Target	515.00
Upside Target	520.80
Upside Target	534.40
Upside Target	588.70

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	471.37
Downside Intraday Target	464.18
Upside Intraday Target	489.97
Upside Intraday Target	501.38
Upside Intraday Target	482.78

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Dec 2025	478.55	487.90	494.20	475.60	0.453 times
13 Sat Dec 2025	487.90	503.50	503.50	476.30	0.745 times
05 Fri Dec 2025	500.80	510.00	515.00	489.85	0.208 times
28 Fri Nov 2025	510.50	494.00	520.80	473.30	1.926 times
21 Fri Nov 2025	492.75	506.00	534.40	491.05	3.267 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
16 Tue Dec 2025	478.55	510.00	515.00	475.60	0.248 times
28 Fri Nov 2025	510.50	500.90	534.40	469.60	3.106 times
31 Fri Oct 2025	497.40	482.00	509.90	458.50	0.611 times
30 Tue Sep 2025	482.20	475.70	513.30	463.35	1.921 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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

Although the stock is in the SELL zone, but selling 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 488.15 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.