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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 2025-06-11 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1155291

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Jun 2025	526.65	534.20	534.20	522.10	0.198 times
10 Tue Jun 2025	531.25	536.90	539.25	530.00	0.152 times
09 Mon Jun 2025	535.05	529.95	539.00	529.45	0.244 times
06 Fri Jun 2025	529.40	537.90	537.90	528.40	0.182 times
05 Thu Jun 2025	533.95	535.00	542.25	530.90	0.349 times
04 Wed Jun 2025	534.45	529.00	539.00	528.40	0.296 times
03 Tue Jun 2025	528.50	537.25	538.20	525.00	0.417 times
02 Mon Jun 2025	534.65	540.00	545.00	530.80	0.796 times
30 Fri May 2025	535.20	501.30	548.40	499.30	5.491 times
29 Thu May 2025	499.10	508.10	518.00	492.00	1.153 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 531 as stoploss in an intra day sell trade for a target of 505.25. However, stock will show a bullish move above 531.

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	466.70
Downside Target	484.45
Downside Target	522.10
Upside Target	539.25
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	519.42
Downside Intraday Target	512.18
Upside Intraday Target	536.57
Upside Intraday Target	546.48
Upside Intraday Target	529.33

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Jun 2025	526.65	529.95	539.25	522.10	0.291 times
06 Fri Jun 2025	529.40	540.00	545.00	525.00	0.215 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

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
11 Wed Jun 2025	526.65	540.00	545.00	522.10	0.203 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 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 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 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 losing momentum.

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

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 529.93 and Elgi Equipments (ELGIEQUIP) stock is trading below this level. This means that stock is falling with high volumes. 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.