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(ELGIRUBCO_BE) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO_BE) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO_BE) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO_BE)

10 day averaged volume of Elgi Rubber is 14952

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Sep 2025	71.58	75.73	76.50	70.55	2.776 times
04 Thu Sep 2025	73.89	74.01	77.00	73.00	2.132 times
22 Fri Aug 2025	56.82	58.94	58.94	56.00	0.369 times
21 Thu Aug 2025	56.89	59.00	59.00	56.50	1.066 times
20 Wed Aug 2025	58.50	60.19	60.19	56.05	0.436 times
19 Tue Aug 2025	57.33	56.49	57.54	54.82	0.771 times
18 Mon Aug 2025	54.80	55.00	56.90	54.61	0.287 times
14 Thu Aug 2025	54.46	60.18	60.18	54.45	2.891 times
13 Wed Aug 2025	57.32	56.99	57.33	55.00	0.792 times
12 Tue Aug 2025	54.60	53.50	54.60	52.42	0.664 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 69.6, for a target of 62.1 or 55.76

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	48.20
Downside Target	49.81
Downside Target	51.66
Downside Target	57.71
Downside Target	60.18
Downside Target	63.00
Downside Target	63.63
Downside Target	69.50
Downside Target	70.55
Upside Target	77.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	69.09
Downside Intraday Target	66.59
Upside Intraday Target	75.54
Upside Intraday Target	79.49
Upside Intraday Target	73.04

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Sep 2025	71.58	74.01	77.00	70.55	1.676 times
22 Fri Aug 2025	56.82	55.00	60.19	54.61	0.593 times
14 Thu Aug 2025	54.46	49.81	60.18	49.81	1.319 times
08 Fri Aug 2025	49.57	51.66	51.66	48.20	2.617 times
01 Fri Aug 2025	52.72	57.71	57.71	52.62	0.65 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Sep 2025	71.58	74.01	77.00	70.55	0.418 times
22 Fri Aug 2025	56.82	52.62	60.19	48.20	1.067 times
31 Thu Jul 2025	53.70	60.90	63.63	53.70	0.576 times
30 Mon Jun 2025	60.60	62.50	63.00	50.20	0.762 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Elgi Rubber (ELGIRUBCO_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Rubber in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 62.57 and Elgi Rubber (ELGIRUBCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO_BE) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO_BE) stock is negative.

Elgi Rubber Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.