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Stock analysis Elgi Equipments Limited ELGIEQUIP

More indepth analysis on MunafaSutra.com

Moving Averages for Elgi Equipments Limited

  • 5Day Average: 559.88
  • 12Day Average: 553.38
  • 20Day Average: 545.49
  • 50Day Average: 525.77
  • 100Day Average: 491.86
  • 150Day Average: 509.83
  • 200Day Average: 539.78

ELGIEQUIP Indicators & signals

Indicator MACD (12,26,9)

554.43, 542.96, 9.57
Indicator MACD is in positive zone

Indicator ADX (14)

58.03, 32.21, 8.55
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ELGIEQUIP Elgi Equipments Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Wed Jul 2025 589.75 552.05 to 596.70 6.41% 5.51 times
22 Tue Jul 2025 554.20 553.50 to 559.60 0.24% 0.17 times
21 Mon Jul 2025 552.90 546.05 to 556.95 0.72% 0.16 times
18 Fri Jul 2025 548.95 547.15 to 559.50 -0.84% 2.05 times
17 Thu Jul 2025 553.60 544.20 to 559.95 1.74% 0.29 times
16 Wed Jul 2025 544.15 542.05 to 553.25 -1.51% 0.2 times
15 Tue Jul 2025 552.50 548.05 to 555.00 -0.03% 0.19 times
14 Mon Jul 2025 552.65 542.15 to 556.50 0.29% 0.22 times
11 Fri Jul 2025 551.05 548.05 to 561.50 -0.96% 0.26 times
10 Thu Jul 2025 556.40 553.00 to 566.90 1.11% 1.02 times
09 Wed Jul 2025 550.30 540.20 to 568.00 3.03% 5.45 times
08 Tue Jul 2025 534.10 531.00 to 553.90 0.38% 2.67 times

Technical analysis forecast of Elgi Equipments Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Elgi Equipments Limited ELGIEQUIP at this time. Stock is rising and might rise more.

It appears as if Elgi Equipments Limited ELGIEQUIP gave a large move recently.

Stock of Elgi Equipments Limited (ELGIEQUIP) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Elgi Equipments Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 577.7, for a target of 561.3 or 547.55

More indepth analysis on MunafaSutra.com