Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 7268

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Aug 2025	49.57	48.60	49.57	48.20	0.721 times
07 Thu Aug 2025	48.60	48.60	48.60	48.60	0.415 times
06 Wed Aug 2025	49.60	49.61	49.61	49.60	1.324 times
05 Tue Aug 2025	50.62	50.62	50.62	50.62	2.362 times
04 Mon Aug 2025	51.66	51.66	51.66	51.66	2.881 times
01 Fri Aug 2025	52.72	52.62	52.72	52.62	0.274 times
31 Thu Jul 2025	53.70	53.70	54.35	53.70	0.598 times
30 Wed Jul 2025	54.80	54.60	54.85	54.60	0.796 times
29 Tue Jul 2025	55.70	55.70	55.70	55.70	0.751 times
28 Mon Jul 2025	56.84	57.71	57.71	56.84	0.524 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.7, but if it comes above 51.7, then a intra day buy could be more profitable.
If you take a sell trade below 51.7, then use 51.7 as stoploss and 46.6 as target. However if you take a buy trade in stock , then use 51.7 as stoploss and 55.89 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	48.20
Upside Target	50.20
Upside Target	51.66
Upside Target	56.98
Upside Target	59.00
Upside Target	59.16
Upside Target	62.15
Upside Target	63.00
Upside Target	63.39
Upside Target	63.63
Upside Target	66.34
Upside Target	69.50

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	47.96
Downside Intraday Target	46.35
Upside Intraday Target	51.42
Upside Intraday Target	53.27
Upside Intraday Target	49.81

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
25 Fri Jul 2025	58.00	58.50	59.16	56.98	0.781 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

Price has moved down 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
08 Fri Aug 2025	49.57	52.62	52.72	48.20	0.352 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
30 Fri May 2025	62.50	62.44	69.50	53.31	3.215 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 red color and prices are below the red 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.83 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 negative.

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