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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 7342

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Jul 2025	58.00	57.00	58.14	56.98	2.091 times
22 Tue Jul 2025	57.00	57.05	57.40	57.00	0.802 times
21 Mon Jul 2025	57.33	58.50	58.50	57.33	0.606 times
18 Fri Jul 2025	58.50	60.30	60.30	58.48	1.286 times
17 Thu Jul 2025	59.68	61.50	61.50	59.68	1.508 times
16 Wed Jul 2025	60.90	62.00	62.00	60.84	0.15 times
15 Tue Jul 2025	62.09	62.09	62.09	62.09	1.333 times
14 Mon Jul 2025	63.36	63.39	63.39	63.36	1.464 times
11 Fri Jul 2025	62.15	60.94	62.15	59.72	1.624 times
10 Thu Jul 2025	60.94	59.75	60.94	59.75	0.968 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.5, but if it comes above 58.5, then a intra day buy could be more profitable.
If you take a sell trade below 58.5, then use 58.5 as stoploss and 56.4 as target. However if you take a buy trade in stock , then use 58.5 as stoploss and 60.23 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	50.20
Downside Target	51.98
Downside Target	53.31
Downside Target	56.98
Upside Target	62.15
Upside Target	63.00
Upside Target	63.39
Upside Target	63.63
Upside Target	66.34
Upside Target	69.50
Upside Target	70.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	57.15
Downside Intraday Target	56.31
Upside Intraday Target	58.67
Upside Intraday Target	59.35
Downside Intraday Target	57.83

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Jul 2025	58.00	58.50	58.50	56.98	0.609 times
18 Fri Jul 2025	58.50	63.39	63.39	58.48	1.746 times
11 Fri Jul 2025	62.15	60.00	62.15	59.00	0.396 times
04 Fri Jul 2025	59.00	61.90	63.63	59.00	0.539 times
27 Fri Jun 2025	61.90	52.85	63.00	50.20	1.604 times

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

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Wed Jul 2025	58.00	60.90	63.63	56.98	0.483 times
30 Mon Jun 2025	60.60	62.50	63.00	50.20	0.762 times
30 Fri May 2025	62.50	62.44	69.50	53.31	3.215 times
30 Wed Apr 2025	62.44	66.34	66.34	58.10	0.105 times

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

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

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 60.14 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.