Overall Technical outlook

Price Summary

Elgi Equipments Limited's stock started trading at 472.85 on 2025-10-17, climbed to 473.9, fell to 464.3, and closed -1.5% lower at 465.75, with 167596 shares traded.
The stock's highest price in the past 52 weeks is 662.55, while its lowest price during the same period is 402.2.
Based on recommendations from 4 analysts, the future price of ELGIEQUIP is expected to range from 425.0 to 680.0, with an average price expectation around 566.0.

Technicals

Support and Resistance: The current price of 465.75 for ELGIEQUIP is supported at 457.4 and faces resistance at 482.3. These levels indicate that 457.4 could act as a floor, while 482.3 might limit any further price increases.
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Support/Resistance for ELGIEQUIP


Aroon: The current reading of the AROON is neutral for ELGIEQUIP, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction.
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Aroon chart for Elgi Equipments Limited


Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR continues to signal a bearish outlook, setting a significant resistance level. This resistance could limit upward momentum, indicating that the market may struggle to overcome this bearish pressure in the near term.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The stochastic indicator reflects a bullish signal as the K-line crosses above the D-line and remains below 20, hinting at the beginning of a bullish move. This setup suggests that the market may be starting to rise from a low point, potentially leading to gains. Traders could consider this a favorable entry point for ELGIEQUIP.
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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The moving averages for the 20-50-100 periods indicate a bullish trend, though the slopes of the faster averages suggest that this trend may not last. The weakening signals from the shorter-term averages point to a potential reversal, indicating that the current upward momentum could be approaching a turning point.
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Tripple SMA chart for Elgi Equipments Limited


When evaluating a company's technical data, such as stock price charts or volume, it is essential to first consider its fundamentals. These fundamentals include financial stability, growth potential, and competitive advantages. Additionally, understanding the broader industry in which the company operates offers context that helps to make sense of technical patterns. By examining both the company's internal strengths and external environment, one can make more accurate and meaningful conclusions about its stock performance.