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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 2025-06-18 View latest technical analysis

10 day averaged volume of Elgi Equipments is 606056

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Jun 2025	519.85	528.80	556.75	516.15	7.946 times
17 Tue Jun 2025	524.75	531.30	536.60	523.10	0.545 times
16 Mon Jun 2025	531.00	536.50	543.80	521.40	0.695 times
13 Fri Jun 2025	536.35	521.00	539.30	516.15	0.825 times
12 Thu Jun 2025	531.00	528.00	563.55	526.00	5.228 times
11 Wed Jun 2025	526.65	534.20	534.20	522.10	0.377 times
10 Tue Jun 2025	531.25	536.90	539.25	530.00	0.289 times
09 Mon Jun 2025	535.05	529.95	539.00	529.45	0.465 times
06 Fri Jun 2025	529.40	537.90	537.90	528.40	0.347 times
05 Thu Jun 2025	533.95	535.00	542.25	530.90	0.665 times

Stock of Elgi Equipments (ELGIEQUIP) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 539.1 or till 564.4. Use a stoploss of 518.07 and if this stock hits its stoploss, then it can fall down till 497.02

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	426.25
Downside Target	466.70
Downside Target	489.45
Downside Target	516.15
Upside Target	545.00
Upside Target	548.40
Upside Target	556.75
Upside Target	563.55
Upside Target	575.00

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	505.08
Downside Intraday Target	490.32
Upside Intraday Target	545.68
Upside Intraday Target	571.52
Upside Intraday Target	530.92

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Jun 2025	519.85	536.50	556.75	516.15	1.279 times
13 Fri Jun 2025	536.35	529.95	563.55	516.15	1.848 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

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
18 Wed Jun 2025	519.85	540.00	563.55	516.15	0.821 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 SELL signal for Elgi Equipments in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Elgi Equipments in short term but BUY signal is weak.

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 526.06 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 positive

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