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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 2025-10-01 View latest technical analysis

10 day averaged volume of Elgi Equipments is 851227

Date	Daily Closing Price	Open	High	Low	Volume
01 Wed Oct 2025	481.95	482.00	486.40	479.75	0.238 times
30 Tue Sep 2025	482.20	480.50	485.90	478.05	0.188 times
29 Mon Sep 2025	476.60	487.00	492.30	473.00	0.297 times
26 Fri Sep 2025	485.95	495.50	498.60	477.00	0.473 times
25 Thu Sep 2025	495.50	501.90	502.05	495.00	0.195 times
24 Wed Sep 2025	500.90	501.70	505.45	495.00	0.473 times
23 Tue Sep 2025	503.10	500.00	508.40	491.55	0.624 times
22 Mon Sep 2025	496.85	499.05	512.40	495.35	0.848 times
19 Fri Sep 2025	500.35	507.50	507.50	499.00	0.93 times
18 Thu Sep 2025	505.85	500.00	513.30	496.75	1.437 times

My analysis of stock is bearish for shortterm, and stock might move down till 470.2 or till 454.2. Use a stoploss of 483.47 and if the stock hits stoploss, then it can shoot up till 496.77

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	463.35
Upside Target	503.00
Upside Target	504.80
Upside Target	512.40
Upside Target	513.30
Upside Target	527.35
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	472.53
Downside Intraday Target	463.12
Upside Intraday Target	491.83
Upside Intraday Target	501.72
Upside Intraday Target	482.42

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Wed Oct 2025	481.95	487.00	492.30	473.00	0.276 times
26 Fri Sep 2025	485.95	499.05	512.40	477.00	0.346 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

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
01 Wed Oct 2025	481.95	482.00	486.40	479.75	0.017 times
30 Tue Sep 2025	482.20	475.70	513.30	463.35	1.921 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

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Elgi Equipments in short term but the buy 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 red color and prices are below the red 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 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 497.6 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 has given negative 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.