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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.

10 day averaged volume of Elgi Equipments is 289774

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	524.80	522.60	530.05	521.15	0.211 times
28 Tue Jan 2025	522.60	530.00	531.30	514.15	0.56 times
27 Mon Jan 2025	531.35	535.00	536.00	522.15	0.372 times
24 Fri Jan 2025	540.45	552.30	552.30	531.00	0.231 times
23 Thu Jan 2025	548.30	541.40	559.30	541.40	0.962 times
22 Wed Jan 2025	558.80	533.75	569.95	527.05	5.771 times
21 Tue Jan 2025	529.10	550.00	551.05	526.25	0.276 times
20 Mon Jan 2025	547.00	530.20	549.90	530.20	0.385 times
17 Fri Jan 2025	531.20	533.55	536.40	523.85	0.26 times
16 Thu Jan 2025	534.40	527.05	542.35	527.00	0.199 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 528.2, but if it comes above 528.2, then a intra day buy could be more profitable.
If you take a sell trade below 528.2, then use 528.2 as stoploss and 504 as target. However if you take a buy trade in stock , then use 528.2 as stoploss and 548.38 as target.

Share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Target	512.85
Upside Target	526.25
Upside Target	546.80
Upside Target	560.00
Upside Target	587.70
Upside Target	588.90
Upside Target	662.60
Upside Target	669.00
Upside Target	673.90
Upside Target	698.90
Upside Target	752.95

Intraday share price targets for Elgi Equipments (ELGIEQUIP)

Target Type	Value
Downside Intraday Target	513.97
Downside Intraday Target	503.13
Upside Intraday Target	535.82
Upside Intraday Target	546.83
Upside Intraday Target	524.98

Weekly technical analysis of Elgi Equipments (ELGIEQUIP)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	524.80	535.00	536.00	514.15	0.15 times
24 Fri Jan 2025	540.45	530.20	569.95	526.25	3.029 times
17 Fri Jan 2025	531.20	562.30	569.00	512.85	1.389 times
10 Fri Jan 2025	565.25	577.75	588.90	560.00	0.814 times
03 Fri Jan 2025	576.60	575.30	587.70	560.00	1.585 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
29 Wed Jan 2025	524.80	579.80	588.90	512.85	1.474 times
31 Tue Dec 2024	579.80	647.00	669.00	560.00	0.281 times
29 Fri Nov 2024	639.85	662.55	673.90	546.80	2.111 times
31 Thu Oct 2024	662.55	672.00	698.90	588.05	0.817 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 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 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 Strong 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 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 moving up

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 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 550.48 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.