Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-08-07 View latest technical analysis

10 day averaged volume of Elgi Equipments is 582595

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Aug 2025	532.60	545.00	547.25	524.20	0.521 times
06 Wed Aug 2025	545.70	575.00	588.70	542.00	2.09 times
05 Tue Aug 2025	571.95	560.00	577.40	559.30	1.161 times
04 Mon Aug 2025	563.20	564.00	568.00	553.30	0.397 times
01 Fri Aug 2025	558.10	569.30	571.20	555.00	0.314 times
31 Thu Jul 2025	568.35	555.00	574.00	554.60	0.427 times
30 Wed Jul 2025	567.35	564.90	573.95	562.30	0.335 times
29 Tue Jul 2025	562.60	550.00	565.00	539.70	0.786 times
28 Mon Jul 2025	550.50	571.05	578.45	547.20	0.942 times
25 Fri Jul 2025	573.10	588.00	589.15	570.55	0.704 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 527.5, for a target of 544.9 or 559.34

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	401.00
Downside Target	433.55
Downside Target	490.20
Downside Target	504.80
Downside Target	524.20
Upside Target	539.70
Upside Target	559.95
Upside Target	568.00
Upside Target	578.45
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	508.3
Downside Intraday Target	484
Upside Intraday Target	572.8
Upside Intraday Target	613
Upside Intraday Target	548.5

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Aug 2025	532.60	564.00	588.70	524.20	1.487 times
01 Fri Aug 2025	558.10	571.05	578.45	539.70	0.176 times
25 Fri Jul 2025	573.10	548.50	608.40	546.05	2.55 times
18 Fri Jul 2025	548.95	548.00	559.95	542.05	0.308 times
11 Fri Jul 2025	551.05	528.00	568.00	528.00	8.794 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
07 Thu Aug 2025	532.60	569.30	588.70	524.20	0.096 times
31 Thu Jul 2025	568.35	539.75	608.40	527.35	1.482 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

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 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 to mid 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 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 SELL. 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 SELL signal for Elgi Equipments in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 557.23 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.