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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 2025-06-12 View latest technical analysis

10 day averaged volume of Elgi Equipments is 1071656

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	531.00	528.00	563.55	526.00	2.957 times
11 Wed Jun 2025	526.65	534.20	534.20	522.10	0.213 times
10 Tue Jun 2025	531.25	536.90	539.25	530.00	0.163 times
09 Mon Jun 2025	535.05	529.95	539.00	529.45	0.263 times
06 Fri Jun 2025	529.40	537.90	537.90	528.40	0.196 times
05 Thu Jun 2025	533.95	535.00	542.25	530.90	0.376 times
04 Wed Jun 2025	534.45	529.00	539.00	528.40	0.319 times
03 Tue Jun 2025	528.50	537.25	538.20	525.00	0.45 times
02 Mon Jun 2025	534.65	540.00	545.00	530.80	0.858 times
30 Fri May 2025	535.20	501.30	548.40	499.30	5.919 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant upmove. This could be a good time to enter in this stock!

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 533.5 as stoploss in an intra day sell trade for a target of 507.76. However, stock will show a bullish move above 533.5.

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	545.00
Upside Target	548.40
Upside Target	563.55
Upside Target	575.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	514.22
Downside Intraday Target	497.43
Upside Intraday Target	555.67
Upside Intraday Target	580.33
Upside Intraday Target	538.88

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	531.00	529.95	563.55	522.10	1.636 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	531.00	540.00	563.55	522.10	0.415 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 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 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.

Elgi Equipments Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 533.47 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.