Overall Technical outlook

Price Summary

With a -4.31% drop, Elgi Equipments Limited enjoyed a unimpressive day in the stock market.
On 2025-04-25, ELGIEQUIP's stock began at 475.0, peaked at 475.0, dipped to 447.2, and closed up -4.31% at 454.55, with a volume of 460712 shares.
During the 52-week span, the stock hit a high of 769.2 and a low of 402.2.
4 analysts forecast that the price of ELGIEQUIP will range from 436.0 to 710.0, with an average expected price near 588.25.

Technicals

Support and Resistance: The current price for ELGIEQUIP is 454.55, supported at 419.95 with resistance at 455.1. This indicates a trading range where 419.95 might prevent further declines, while 455.1 could hinder additional gains.
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Support/Resistance for ELGIEQUIP


Aroon: The AROON 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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Aroon chart for Elgi Equipments Limited


Bol. Bands: The current reading of the BOLL BANDS 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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Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR for ELGIEQUIP continues to be bullish, establishing a crucial support level that may help maintain the current upward trend. This level of support suggests that the market is poised to continue its positive trajectory, offering a foundation for further growth.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The STOCHASTIC is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market.
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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: A bullish trend is evident from the alignment of the 20-50-100 period moving averages, but the slopes of the faster averages indicate a potential reversal for ELGIEQUIP. The weakening signals from the shorter-term averages suggest that the upward momentum may be fading, signaling the possibility of an impending change in trend.
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Tripple SMA chart for Elgi Equipments Limited


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.