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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 2025-01-30 View latest technical analysis

10 day averaged volume of Elgi Rubber is 21711

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	100.46	102.08	104.94	99.00	0.581 times
29 Wed Jan 2025	100.24	98.30	102.79	96.40	0.763 times
28 Tue Jan 2025	100.62	101.79	103.79	98.60	2.698 times
27 Mon Jan 2025	103.79	110.00	110.00	103.79	0.589 times
24 Fri Jan 2025	109.26	111.97	114.49	108.00	0.649 times
23 Thu Jan 2025	111.42	107.23	114.00	107.23	0.716 times
22 Wed Jan 2025	109.42	109.99	116.40	107.00	0.719 times
21 Tue Jan 2025	110.90	115.72	117.50	110.02	0.831 times
20 Mon Jan 2025	115.72	119.62	119.62	114.10	1.285 times
17 Fri Jan 2025	116.62	118.70	118.99	114.50	0.997 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 105, but if it comes above 105, then a intra day buy could be more profitable.
If you take a sell trade below 105, then use 105 as stoploss and 92.4 as target. However if you take a buy trade in stock , then use 105 as stoploss and 115.57 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	94.57
Downside Intraday Target	88.69
Upside Intraday Target	108.17
Upside Intraday Target	115.89
Upside Intraday Target	102.29

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	100.46	110.00	110.00	96.40	1.103 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
30 Thu Jan 2025	100.46	131.05	140.00	96.40	1.895 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 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 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 107.24 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.