Overall Technical outlook

Price Summary

On 2026-02-02, ELGIEQUIP's stock began at 435.1, peaked at 437.3, dipped to 424.4, and closed up -0.34% at 433.6, with a volume of 231814 shares.
The highest price the stock achieved in the past 52 weeks is 593.55, while the lowest price it saw is 402.2.
Analysts expect the price of ELGIEQUIP to vary between 425.0 and 620.0, with an average expected price near 535.3333.

Technicals


Aroon: The AROON is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ELGIEQUIP, with no strong trend emerging.
ELGIEQUIP aroon df315d
Aroon chart for Elgi Equipments Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ELGIEQUIP, with no strong trend emerging.
ELGIEQUIP bbands df315d
Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum.
ELGIEQUIP psar df315d
Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear direction indicated for the market. This lack of clarity suggests that the market may be in a state of equilibrium for ELGIEQUIP, with no strong trend emerging.
ELGIEQUIP stoch df315d
Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: A bullish trend is indicated by the alignment of the 20-50-100 period moving averages for ELGIEQUIP, but this strength is tempered by the slopes of the faster averages, which hint at a possible reversal. The overall trend remains positive, yet the weakening signals from the shorter-term averages suggest that a change in direction may be imminent.
ELGIEQUIP trippleSMA df315d
Tripple SMA chart for Elgi Equipments Limited


Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.