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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 2025-05-26 View latest technical analysis

10 day averaged volume of Elgi Equip is 17773

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon May 2025	478.75	478.60	489.35	476.00	1.105 times
23 Fri May 2025	476.60	479.90	479.90	467.55	0.313 times
22 Thu May 2025	472.15	471.95	476.30	467.70	0.772 times
21 Wed May 2025	472.25	479.85	479.85	467.60	0.412 times
20 Tue May 2025	472.90	487.45	487.45	472.00	0.74 times
19 Mon May 2025	482.20	479.15	489.40	475.95	1.221 times
16 Fri May 2025	478.40	481.25	482.20	474.05	1.49 times
15 Thu May 2025	481.25	471.90	482.50	469.40	2.211 times
14 Wed May 2025	470.30	463.15	474.70	461.05	1.052 times
13 Tue May 2025	461.65	469.85	471.95	457.50	0.761 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 476.9, but if it comes below 476.9, then a intra day sell could be more profitable.
If you take a sell trade below 476.9, then use 476.9 as stoploss and 463.86 as target. However if you take a buy trade in stock , then use 476.9 as stoploss and 492.5 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	440.60
Downside Target	466.95
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	473.38
Downside Intraday Target	468.02
Upside Intraday Target	486.73
Upside Intraday Target	494.72
Upside Intraday Target	481.37

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon May 2025	478.75	478.60	489.35	476.00	0.32 times
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

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 Equip (ElgiEquip)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon May 2025	478.75	440.60	489.40	430.70	0.646 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elgi Equip ( (ElgiEquip) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 476.22 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 positive

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