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Elgi Equipments Limited

ELGIEQUIP.NS Technical Analysis Summary (NSE)

Analyze ELGIEQUIP.NS on the NSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ELGIEQUIP.NS●NSE
IndustrialsIndustrial - Machinery
₹614.20
₹10.00(1.60%)
Indian Market opens in 7h 1m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELGIEQUIP.NS Technical Analysis Summary (NSE)

Elgi Equipments Limited (NSE: ELGIEQUIP.NS) stock currently shows a neutral trend on the NSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 66.62)
Trend Strength:Weak (ADX: 19.79)
Volatility:Medium (ATR: 17.64)
Support/Resistance:$557.48 – $611.48 (Bollinger Bands)

Technical conditions suggest Elgi Equipments Limited on the NSE is awaiting a decisive move. Overall, Elgi Equipments Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 66.62

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 70.19

Bullish
Buying momentum building without extremes.

Williams %R: -3.85

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 9.61

Strongly Bullish
Strong upside momentum.

Takeaway:Elgi Equipments Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 3.79

Bullish
Bullish, trend momentum is strengthening.

ADX: 19.79

Weak
Weak trend, market trading sideways.

ATR (14): 17.64

Rising
Rising volatility, market activity increasing.

CCI (14): 228.70

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Elgi Equipments Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$611.48
Middle Band (SMA 20)
$584.48
Lower Band
$557.48
Current Position
Above Upper Band

Takeaway:Elgi Equipments Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$623.05
Middle Line (EMA 20)
$587.77
Lower Channel
$552.49
Squeeze Status
Squeeze On

Takeaway:Elgi Equipments Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume9.96M
Money Flow Index82.68Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index70.81Bullish, price momentum strongly favors buyers.

Overall Takeaway:ELGIEQUIP.NS shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of Elgi Equipments Limited (NSE: ELGIEQUIP.NS), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Elgi Equipments Limited are mixed, suggesting a Hold or wait-and-see approach.

(NSE: ELGIEQUIP.NS) Technical Analysis FAQ