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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)

10 day averaged volume of Elgi Equip is 27693

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu May 2025	499.15	495.10	517.80	492.45	4.467 times
28 Wed May 2025	504.75	498.90	510.75	493.15	2.485 times
27 Tue May 2025	498.75	478.80	505.00	478.80	2.212 times
26 Mon May 2025	478.75	478.60	489.35	476.00	0.709 times
23 Fri May 2025	476.60	479.90	479.90	467.55	0.201 times
22 Thu May 2025	472.15	471.95	476.30	467.70	0.495 times
21 Wed May 2025	472.25	479.85	479.85	467.60	0.264 times
20 Tue May 2025	472.90	487.45	487.45	472.00	0.475 times
19 Mon May 2025	482.20	479.15	489.40	475.95	0.783 times
16 Fri May 2025	478.40	481.25	482.20	474.05	0.956 times

Stock of Elgi Equip (ElgiEquip) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 488.2, but if it comes below 488.2, then a intra day sell could be more profitable.
If you take a sell trade below 488.2, then use 488.2 as stoploss and 470.43 as target. However if you take a buy trade in stock , then use 488.2 as stoploss and 509.6 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	440.60
Downside Target	466.95
Downside Target	490.70
Upside Target	513.30
Upside Target	517.80
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	477.5
Downside Intraday Target	455.85
Upside Intraday Target	519.3
Upside Intraday Target	539.45
Downside Intraday Target	497.65

Weekly technical analysis of Elgi Equip (ElgiEquip)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu May 2025	499.15	478.60	517.80	476.00	4.45 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Equip (ElgiEquip)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu May 2025	499.15	440.60	517.80	430.70	1.227 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 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 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 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 coming down

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 and the buying is gaining 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 493.63 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.