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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 2025-07-03 View latest technical analysis

10 day averaged volume of Elgi Equipments is 646818

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Jul 2025	537.55	532.00	541.95	528.10	0.79 times
02 Wed Jul 2025	531.15	539.85	539.85	528.90	0.233 times
01 Tue Jul 2025	535.30	539.75	544.75	533.65	0.34 times
30 Mon Jun 2025	536.45	539.90	541.75	533.35	0.395 times
27 Fri Jun 2025	536.45	533.70	544.00	531.00	0.846 times
26 Thu Jun 2025	529.15	535.85	540.00	527.45	0.525 times
25 Wed Jun 2025	533.35	528.95	535.75	527.40	0.555 times
24 Tue Jun 2025	528.70	538.00	539.00	525.30	0.842 times
23 Mon Jun 2025	534.75	506.90	537.30	505.40	2.223 times
20 Fri Jun 2025	510.25	524.50	529.60	504.80	3.222 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 536.6, but if it comes below 536.6, then a intra day sell could be more profitable.
If you take a sell trade below 536.6, then use 536.6 as stoploss and 530.1 as target. However if you take a buy trade in stock , then use 536.6 as stoploss and 544.4 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	412.40
Downside Target	433.55
Downside Target	490.20
Downside Target	504.80
Downside Target	516.15
Upside Target	544.00
Upside Target	544.75
Upside Target	545.00
Upside Target	548.40
Upside Target	556.75
Upside Target	563.55

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	528.85
Downside Intraday Target	520.15
Upside Intraday Target	545.5
Upside Intraday Target	553.45
Downside Intraday Target	536.8

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Jul 2025	537.55	539.90	544.75	528.10	0.352 times
27 Fri Jun 2025	536.45	506.90	544.00	505.40	0.395 times
20 Fri Jun 2025	510.25	536.50	556.75	504.80	1.879 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

Price has moved up 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
03 Thu Jul 2025	537.55	539.75	544.75	528.10	0.048 times
30 Mon Jun 2025	536.45	540.00	563.55	504.80	1.228 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

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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 stronger in this stock.

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 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 526.32 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.