Overall Technical outlook

Price Summary

On 2025-12-15, ELGIEQUIP's stock opened at 487.9, reached a peak of 494.2, dropped to 486.8, and ended 0.15% up at 488.65, with a volume of 303435 shares.
During the 52-week span, the stock hit a high of 608.15 and a low of 402.2.
The expected price range is between 425.0 and 620.0, with a mean anticipated price of 535.3333, according to 3 analysts.

Technicals

Support and Resistance: The price for ELGIEQUIP is 488.65, with support at 473.85 and resistance at 493.1. This suggests a range where 473.85 acts as a base, preventing declines, and 493.1 caps gains, defining key trading levels.
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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 for ELGIEQUIP remains bearish, establishing a key resistance level that could hinder upward movement. This ongoing bearish outlook suggests that the market may face challenges in breaking higher, with the resistance level acting as a barrier to potential gains.
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Parabolic Stop and Reverse chart for Elgi Equipments Limited


Stochastic: The current state of the STOCHASTIC is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
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Stochastic chart for Elgi Equipments Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently in a neutral position for Elgi Equipments Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent.
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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.