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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 2025-09-22 View latest technical analysis

10 day averaged volume of Elgi Equipments is 750417

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Sep 2025	496.85	499.05	512.40	495.35	0.962 times
19 Fri Sep 2025	500.35	507.50	507.50	499.00	1.055 times
18 Thu Sep 2025	505.85	500.00	513.30	496.75	1.63 times
17 Wed Sep 2025	494.45	468.20	502.40	468.20	5.144 times
16 Tue Sep 2025	467.20	468.85	472.95	464.10	0.406 times
15 Mon Sep 2025	464.65	470.40	472.60	463.35	0.332 times
12 Fri Sep 2025	468.05	470.60	473.30	466.05	0.328 times
11 Thu Sep 2025	469.35	474.50	476.85	467.05	0.213 times
10 Wed Sep 2025	469.75	473.90	477.80	468.30	0.501 times
09 Tue Sep 2025	470.20	477.50	477.50	468.10	0.224 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 494.6, but if it comes below 494.6, then a intra day sell could be more profitable.
If you take a sell trade below 494.6, then use 494.6 as stoploss and 481.95 as target. However if you take a buy trade in stock , then use 494.6 as stoploss and 509.7 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	433.55
Downside Target	463.35
Downside Target	480.95
Downside Target	495.35
Upside Target	512.40
Upside Target	513.30
Upside Target	527.35
Upside Target	548.40
Upside Target	563.55
Upside Target	588.70
Upside Target	608.40

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	490.67
Downside Intraday Target	484.48
Upside Intraday Target	507.72
Upside Intraday Target	518.58
Upside Intraday Target	501.53

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Sep 2025	496.85	499.05	512.40	495.35	0.112 times
19 Fri Sep 2025	500.35	470.40	513.30	463.35	5.981 times
12 Fri Sep 2025	468.05	478.55	480.95	466.05	0.699 times
05 Fri Sep 2025	477.05	475.70	503.00	469.00	1.736 times
29 Fri Aug 2025	471.85	503.80	505.90	469.85	0.886 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
22 Mon Sep 2025	496.85	475.70	513.30	463.35	1.606 times
29 Fri Aug 2025	471.85	569.30	588.70	469.85	0.223 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Equipments in short term but SELL 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 492.07 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 negative.

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