Overall Technical outlook

Price Summary

Elgi Equipments Limited's stock began trading at 528.0 on 2025-06-12, soared to 563.55, dipped to 526.0, and finished the day 0.57% higher at 531.0, with 3168466 shares exchanged.
Over the course of 52 weeks, the stock peaked at 769.2 and hit a low of 402.2.
4 analysts forecast that the price of ELGIEQUIP will range from 410.0 to 695.0, with an average expected price near 586.0.

Technicals

Support and Resistance: The price is currently at 531.0, supported by 522.6 and resisted by 562.35. This indicates a range where 522.6 may provide a base for the price, while 562.35 serves as a cap on further upward movement for ELGIEQUIP.
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Support/Resistance for ELGIEQUIP


Aroon: AROON is currently signaling a bullish trend, with the Aroon Up moving higher and the Aroon Oscillator remaining high. This indicates that the price is likely to continue its upward trend. The persistently high Aroon Oscillator level suggests strong market momentum, reinforcing the expectation of ongoing bullish activity.
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Aroon chart for Elgi Equipments Limited


Bol. Bands: The BOLL BANDS is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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Bolinger Bands chart for Elgi Equipments Limited


Parabolic SAR: The PSAR has reversed from bearish to bullish, suggesting a possible upward trend. This shift, when viewed alongside other indicators, could indicate a strong bullish signal. Investors should be cautious but optimistic, looking for further confirmation from other market signals.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The STOCHASTIC 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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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral for ELGIEQUIP, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements.
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Tripple SMA chart for Elgi Equipments Limited


Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.