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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 2025-06-05 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1293033

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	533.95	535.00	542.25	530.90	0.312 times
04 Wed Jun 2025	534.45	529.00	539.00	528.40	0.265 times
03 Tue Jun 2025	528.50	537.25	538.20	525.00	0.373 times
02 Mon Jun 2025	534.65	540.00	545.00	530.80	0.711 times
30 Fri May 2025	535.20	501.30	548.40	499.30	4.906 times
29 Thu May 2025	499.10	508.10	518.00	492.00	1.03 times
28 Wed May 2025	504.45	502.05	511.00	493.25	0.823 times
27 Tue May 2025	497.80	485.00	504.95	479.00	1.435 times
26 Mon May 2025	479.20	480.50	489.80	474.15	0.267 times
23 Fri May 2025	476.40	474.80	478.00	466.70	0.114 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 518.9, but if it comes below 518.9, then a intra day sell could be more profitable.
If you take a sell trade below 518.9, then use 518.9 as stoploss and 490.89 as target. However if you take a buy trade in stock , then use 518.9 as stoploss and 552.4 as target.

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
Downside Target	484.45
Downside Target	525.00
Downside Target	526.65
Upside Target	545.00
Upside Target	548.40
Upside Target	575.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	524.3
Downside Intraday Target	514.65
Upside Intraday Target	544.3
Upside Intraday Target	554.65
Upside Intraday Target	534.65

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Jun 2025	533.95	540.00	545.00	525.00	0.196 times
30 Fri May 2025	535.20	480.50	548.40	474.15	11.192 times
23 Fri May 2025	476.40	482.50	489.45	466.70	0.567 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

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
05 Thu Jun 2025	533.95	540.00	545.00	525.00	0.143 times
30 Fri May 2025	535.20	444.00	548.40	433.55	1.055 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

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 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 Strong and stock is gaining 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 buy signal for Elgi Equipments in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 521.4 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.