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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 2025-02-24 View latest technical analysis

10 day averaged volume of Elgi Rubber is 43646

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	65.14	66.89	66.89	62.25	2.211 times
21 Fri Feb 2025	65.00	67.90	69.37	63.35	2.616 times
20 Thu Feb 2025	66.07	69.85	69.85	65.11	1.344 times
19 Wed Feb 2025	68.54	68.54	72.15	68.54	3.079 times
18 Tue Feb 2025	72.15	73.05	74.06	72.15	0.196 times
17 Mon Feb 2025	75.95	75.95	75.95	75.95	0.159 times
14 Fri Feb 2025	79.95	83.00	84.16	79.95	0.246 times
13 Thu Feb 2025	84.16	92.90	92.90	84.16	0.534 times
12 Wed Feb 2025	88.59	91.90	91.90	87.53	1.126 times
11 Tue Feb 2025	92.14	97.00	97.00	92.14	0.255 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 74, but if it comes above 74, then a intra day buy could be more profitable.
If you take a sell trade below 74, then use 74 as stoploss and 56.6 as target. However if you take a buy trade in stock , then use 74 as stoploss and 88.51 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	62.25
Upside Target	66.89
Upside Target	75.95
Upside Target	79.95
Upside Target	86.00
Upside Target	90.00
Upside Target	96.40
Upside Target	102.00
Upside Target	107.00
Upside Target	109.65
Upside Target	110.00
Upside Target	111.56
Upside Target	113.28
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	62.63
Downside Intraday Target	60.12
Upside Intraday Target	67.27
Upside Intraday Target	69.4
Downside Intraday Target	64.76

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Feb 2025	65.14	66.89	66.89	62.25	0.299 times
21 Fri Feb 2025	65.00	75.95	75.95	63.35	2.836 times
14 Fri Feb 2025	79.95	100.56	102.00	79.95	1.784 times
07 Fri Feb 2025	100.56	105.00	107.00	98.20	0.522 times
31 Fri Jan 2025	101.94	110.00	110.00	96.40	1.339 times

Price has moved up 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
24 Mon Feb 2025	65.14	105.00	107.00	62.25	0.638 times
31 Fri Jan 2025	101.94	131.05	140.00	96.40	1.939 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

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 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 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 SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 70.37 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.