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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 2025-02-27 View latest technical analysis

10 day averaged volume of Elgi Rubber is 53463

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	65.54	68.44	68.97	64.05	0.28 times
25 Tue Feb 2025	66.87	64.50	67.78	63.10	0.603 times
24 Mon Feb 2025	65.14	66.89	66.89	62.25	1.805 times
21 Fri Feb 2025	65.00	67.90	69.37	63.35	2.135 times
20 Thu Feb 2025	66.07	69.85	69.85	65.11	1.097 times
19 Wed Feb 2025	68.54	68.54	72.15	68.54	2.513 times
18 Tue Feb 2025	72.15	73.05	74.06	72.15	0.16 times
17 Mon Feb 2025	75.95	75.95	75.95	75.95	0.13 times
14 Fri Feb 2025	79.95	83.00	84.16	79.95	0.201 times
13 Thu Feb 2025	84.16	92.90	92.90	84.16	0.436 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 69.8, but if it comes above 69.8, then a intra day buy could be more profitable.
If you take a sell trade below 69.8, then use 69.8 as stoploss and 51.4 as target. However if you take a buy trade in stock , then use 69.8 as stoploss and 85.08 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	62.25
Upside Target	68.97
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	62.2
Downside Intraday Target	58.87
Upside Intraday Target	68.92
Upside Intraday Target	72.31
Upside Intraday Target	65.59

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	65.54	66.89	68.97	62.25	0.445 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
27 Thu Feb 2025	65.54	105.00	107.00	62.25	0.688 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 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 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 coming down

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

RSI is generating a SELL signal in short term but selling is losing 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 67.73 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.