Overall Technical outlook

Price Summary

In today's trading session, ELGIEQUIP's shares fell by -2.26%, marking a lacklustre day.
Elgi Equipments Limited's stock opened at 504.5 on 2025-08-14, surged to 505.0, hit a low of 489.9, and closed up -2.26% at 493.1, with 219910 shares traded.
The stock reached its highest price of 737.65 and its lowest price of 402.2 during the 52-week period.
Analysts expect the price of ELGIEQUIP to vary between 410.0 and 695.0, with an average expected price near 586.0.

Technicals

Support and Resistance: The price of 493.1 is supported at 490.8 and capped by resistance at 535.2. These levels mark key points for Elgi Equipments Limited where the price could find stability, with 490.8 as a floor and 535.2 as a ceiling.
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Support/Resistance for ELGIEQUIP


Aroon: The Aroon indicator shows a continuation of the bearish trend, with Aroon Down holding steady at the 100 level. This ongoing downward pressure requires further exploration with additional indicators to understand its broader implications.
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Aroon chart for Elgi Equipments Limited


Bol. Bands: The BOLL BANDS is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation.
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Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR remains bearish for Elgi Equipments Limited, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The Stochastic K-line, now below the D-line and under 20, signals a mildly bearish market outlook. This configuration suggests possible weakness for Elgi Equipments Limited, though the bearish sentiment is not overly pronounced. Investors should take note of this and monitor the trend closely.
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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The alignment of the 20, 50, and 100 period moving averages indicates a bearish trend, with their slopes further confirming this negative momentum. The consistent decline in these averages suggests that the market is likely to continue its bearish trajectory. This alignment and the reinforcing slopes suggest that the bearish trend is strong and likely to persist, with the market showing no signs of an imminent reversal.
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Tripple SMA chart for Elgi Equipments Limited


When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.