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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 2025-12-15 View latest technical analysis

10 day averaged volume of Elgi Equipments is 403293

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Dec 2025	488.65	487.90	494.20	486.80	0.752 times
13 Sat Dec 2025	487.90	487.25	490.80	484.15	0.788 times
12 Fri Dec 2025	487.90	487.25	490.80	484.15	0.788 times
11 Thu Dec 2025	484.75	485.75	489.65	482.00	0.45 times
10 Wed Dec 2025	485.60	492.95	492.95	484.00	0.91 times
09 Tue Dec 2025	492.75	484.10	496.15	476.30	1.012 times
08 Mon Dec 2025	483.25	503.50	503.50	482.10	0.927 times
05 Fri Dec 2025	500.80	492.00	504.00	492.00	1.115 times
04 Thu Dec 2025	491.45	508.50	508.50	489.85	1.096 times
03 Wed Dec 2025	506.50	509.00	515.00	504.80	1.623 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 486.5 as stoploss in an intra day buy trade for a target of 495.23. However, stock will show a bearish move below 486.5.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	458.50
Downside Target	486.80
Upside Target	503.50
Upside Target	509.90
Upside Target	513.30
Upside Target	515.00
Upside Target	520.80
Upside Target	534.40
Upside Target	588.70

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	485.57
Downside Intraday Target	482.48
Upside Intraday Target	492.97
Upside Intraday Target	497.28
Upside Intraday Target	489.88

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Dec 2025	488.65	487.90	494.20	486.80	0.154 times
13 Sat Dec 2025	487.90	503.50	503.50	476.30	0.745 times
05 Fri Dec 2025	500.80	510.00	515.00	489.85	0.208 times
28 Fri Nov 2025	510.50	494.00	520.80	473.30	1.926 times
21 Fri Nov 2025	492.75	506.00	534.40	491.05	3.267 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
15 Mon Dec 2025	488.65	510.00	515.00	476.30	0.222 times
28 Fri Nov 2025	510.50	500.90	534.40	469.60	3.106 times
31 Fri Oct 2025	497.40	482.00	509.90	458.50	0.611 times
30 Tue Sep 2025	482.20	475.70	513.30	463.35	1.921 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Elgi Equipments in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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

Stock of Elgi Equipments is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 492.77 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 negative.

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