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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 2025-05-20 View latest technical analysis

10 day averaged volume of Elgi Equipments is 297424

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue May 2025	473.10	486.50	488.20	471.15	0.532 times
19 Mon May 2025	482.30	482.50	489.45	477.10	1.3 times
16 Fri May 2025	478.55	483.95	484.45	474.00	1.058 times
15 Thu May 2025	480.85	471.00	482.95	469.60	1.473 times
14 Wed May 2025	470.15	465.00	474.80	461.25	1.075 times
13 Tue May 2025	461.10	467.40	471.55	457.10	0.814 times
12 Mon May 2025	463.50	463.00	467.55	450.55	1.381 times
09 Fri May 2025	440.45	436.00	446.00	436.00	0.609 times
08 Thu May 2025	449.55	462.00	462.40	447.00	0.531 times
07 Wed May 2025	457.40	440.00	464.50	433.55	1.132 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 474.2 as stoploss in an intra day sell trade for a target of 461.87. However, stock will show a bullish move above 474.2.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	426.25
Downside Target	450.55
Downside Target	464.50
Upside Target	484.45
Upside Target	489.45
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	466.35
Downside Intraday Target	459.6
Upside Intraday Target	484.65
Upside Intraday Target	496.2
Upside Intraday Target	477.9

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue May 2025	473.10	482.50	489.45	471.15	0.316 times
16 Fri May 2025	478.55	463.00	484.45	450.55	1.616 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

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
20 Tue May 2025	473.10	444.00	489.45	433.55	0.253 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Equipments stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Equipments in short term but SELL 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

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 468.33 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.