Is Elgi Equipments technically bullish or bearish?

Nov 07 2025 08:14 AM IST
share
Share Via
As of November 6, 2025, Elgi Equipments shows a mildly bearish trend, with mixed signals from indicators like MACD, moving averages, and Bollinger Bands suggesting a cautious approach.
As of 6 November 2025, the technical trend for Elgi Equipments has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish. The moving averages on a daily basis indicate a mildly bearish trend. Both the Bollinger Bands and KST show bearish signals on a weekly and monthly basis. The Dow Theory presents a mildly bullish outlook on the weekly timeframe, while the monthly shows no trend. Overall, the mixed signals suggest a cautious approach, with the bearish indicators outweighing the bullish ones in the current context.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News