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(ElgiEquip) Elgi Equip complete technical analysis [charts+indicators] | Buy/Sell Elgi Equip | (ElgiEquip) share price targets

Complete technical analysis of Elgi Equip (ElgiEquip) by charts plus indicators, forecast predictions and share price targets for Elgi Equip (ElgiEquip)

Showing technical analysis as on 2025-05-23 View latest technical analysis

10 day averaged volume of Elgi Equip is 18417

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri May 2025	476.60	479.90	479.90	467.55	0.302 times
22 Thu May 2025	472.15	471.95	476.30	467.70	0.745 times
21 Wed May 2025	472.25	479.85	479.85	467.60	0.398 times
20 Tue May 2025	472.90	487.45	487.45	472.00	0.714 times
19 Mon May 2025	482.20	479.15	489.40	475.95	1.178 times
16 Fri May 2025	478.40	481.25	482.20	474.05	1.438 times
15 Thu May 2025	481.25	471.90	482.50	469.40	2.134 times
14 Wed May 2025	470.30	463.15	474.70	461.05	1.015 times
13 Tue May 2025	461.65	469.85	471.95	457.50	0.735 times
12 Mon May 2025	463.70	446.05	467.00	446.05	0.993 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 475.3, but if it comes below 475.3, then a intra day sell could be more profitable.
If you take a sell trade below 475.3, then use 475.3 as stoploss and 462.58 as target. However if you take a buy trade in stock , then use 475.3 as stoploss and 490.6 as target.

Share price targets for Elgi Equip (ElgiEquip)

Target Type	Value
Downside Target	401.00
Downside Target	412.80
Downside Target	427.00
Downside Target	466.95
Upside Target	482.50
Upside Target	489.40
Upside Target	490.70
Upside Target	513.30
Upside Target	527.25
Upside Target	588.95
Upside Target	589.95

Intraday share price targets for Elgi Equip (ElgiEquip)

Target Type	Value
Downside Intraday Target	466.3
Downside Intraday Target	456
Upside Intraday Target	488.15
Upside Intraday Target	499.7
Upside Intraday Target	477.85

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri May 2025	476.60	479.15	489.40	467.55	0.528 times
16 Fri May 2025	478.40	446.05	482.50	446.05	1.77 times
09 Fri May 2025	440.45	450.00	466.95	430.70	1.128 times
02 Fri May 2025	450.00	455.70	467.55	440.60	0.435 times
25 Fri Apr 2025	453.10	441.00	485.90	436.90	0.999 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 Equip (ElgiEquip)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri May 2025	476.60	440.60	489.40	430.70	0.601 times
30 Wed Apr 2025	445.75	481.05	490.70	401.00	0.282 times
28 Fri Mar 2025	482.90	420.05	527.25	412.80	5.826 times
28 Fri Feb 2025	428.25	541.55	588.95	427.00	1.694 times

Scroll below to view daily charts

Price has moved up 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 Equip (ElgiEquip)

Price action analysis of Elgi Equip ( (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 Equip ( (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 Equip ( (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 Equip ( (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 Equip stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Elgi Equip in short term and the buy signal is strong.

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

Elgi Equip 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Equip in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 474.65 and Elgi Equip (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 Equip (ElgiEquip) stock. Volume based technical analysis of Elgi Equip (ElgiEquip) stock is negative.

Elgi Equip 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.