Overall Technical outlook

Price Summary

Elgi Equipments Limited's stock opened at 485.7 on 2025-09-05, surged to 486.65, hit a low of 474.3, and closed up -1.78% at 477.05, with 168602 shares traded.
The top price for the stock in the last 52 weeks is 737.65, with the bottom price being 402.2.
As per recommendations from 4 analysts, ELGIEQUIP's future price is expected to span between 425.0 and 680.0, with a mean price around 566.0.

Technicals

Support and Resistance: The current price of 477.05 is supported at 470.8, with resistance at 490.8. This suggests that the price for ELGIEQUIP might remain between these levels, where 470.8 acts as a floor and 490.8 as a ceiling in the market.
ELGIEQUIP supportResistance d23600
Support/Resistance for ELGIEQUIP


Aroon: The AROON is in a neutral stance for ELGIEQUIP, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
ELGIEQUIP aroon d23600
Aroon chart for Elgi Equipments Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for ELGIEQUIP. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
ELGIEQUIP bbands d23600
Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for ELGIEQUIP.
ELGIEQUIP psar d23600
Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment.
ELGIEQUIP stoch d23600
Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
ELGIEQUIP trippleSMA d23600
Tripple SMA chart for Elgi Equipments Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.