Overall Technical outlook

Price Summary

On 2025-07-16, Elgi Equipments Limited's stock opened at 552.5, spiked to 553.25, declined to 542.05, and closed -1.51% lower at 544.15, with 245590 shares traded.
The peak price for the stock in the past 52 weeks is 737.65, with the lowest price being 402.2.
Future price predictions suggest a range between 410.0 and 695.0, with an average expected price of 586.0, as per 4 analysts.

Technicals

Support and Resistance: The current price of 544.15 for ELGIEQUIP finds support at 522.6 and resistance at 558.8. These levels define a range in which the price might oscillate, with 522.6 as a potential support and 558.8 as a resistance level.
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Support/Resistance for ELGIEQUIP


Aroon: The AROON 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.
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Aroon chart for Elgi Equipments Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move.
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Tripple SMA chart for Elgi Equipments Limited


A comprehensive approach to analyzing a company requires considering both its technical and fundamental aspects. The company's fundamentals, such as its earnings, growth prospects, and financial health, provide a strong foundation for understanding technical indicators. Additionally, examining the industry it operates in helps contextualize the company's position within the broader market. By integrating these factors, one can gain more valuable insights into the company's stock performance and potential investment opportunities.