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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)

Showing technical analysis as on 2025-01-29 View latest technical analysis

10 day averaged volume of Elgi Rubber is 24761

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	100.24	98.30	102.79	96.40	0.669 times
28 Tue Jan 2025	100.62	101.79	103.79	98.60	2.366 times
27 Mon Jan 2025	103.79	110.00	110.00	103.79	0.517 times
24 Fri Jan 2025	109.26	111.97	114.49	108.00	0.569 times
23 Thu Jan 2025	111.42	107.23	114.00	107.23	0.628 times
22 Wed Jan 2025	109.42	109.99	116.40	107.00	0.631 times
21 Tue Jan 2025	110.90	115.72	117.50	110.02	0.729 times
20 Mon Jan 2025	115.72	119.62	119.62	114.10	1.126 times
17 Fri Jan 2025	116.62	118.70	118.99	114.50	0.875 times
16 Thu Jan 2025	116.19	114.87	117.95	114.87	0.66 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.7, but if it comes above 106.7, then a intra day buy could be more profitable.
If you take a sell trade below 106.7, then use 106.7 as stoploss and 94.4 as target. However if you take a buy trade in stock , then use 106.7 as stoploss and 116.9 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	68.60
Downside Target	86.00
Downside Target	90.00
Downside Target	94.20
Downside Target	96.40
Upside Target	107.00
Upside Target	109.65
Upside Target	118.99
Upside Target	119.62
Upside Target	121.41
Upside Target	123.00
Upside Target	135.60
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	94.43
Downside Intraday Target	88.61
Upside Intraday Target	108.03
Upside Intraday Target	115.81
Upside Intraday Target	102.21

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Jan 2025	100.24	110.00	110.00	96.40	0.964 times
24 Fri Jan 2025	109.26	119.62	119.62	107.00	0.611 times
17 Fri Jan 2025	116.62	116.41	118.99	107.20	0.377 times
10 Fri Jan 2025	121.41	136.95	140.00	121.41	2.241 times
03 Fri Jan 2025	133.39	131.05	135.60	123.00	1.666 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
29 Wed Jan 2025	100.24	131.05	140.00	96.40	1.868 times
25 Fri Oct 2024	90.94	96.51	109.65	87.34	0.621 times
30 Mon Sep 2024	96.91	109.39	113.28	90.00	0.659 times
30 Fri Aug 2024	107.25	94.50	111.56	86.00	0.725 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 108.31 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.