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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 2025-03-04 View latest technical analysis

10 day averaged volume of Elgi Rubber is 54843

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Mar 2025	63.10	62.00	64.26	60.20	1.301 times
03 Mon Mar 2025	61.20	63.00	64.75	59.87	0.671 times
28 Fri Feb 2025	63.03	64.15	65.60	62.26	0.825 times
27 Thu Feb 2025	65.54	68.44	68.97	64.05	0.273 times
25 Tue Feb 2025	66.87	64.50	67.78	63.10	0.588 times
24 Mon Feb 2025	65.14	66.89	66.89	62.25	1.76 times
21 Fri Feb 2025	65.00	67.90	69.37	63.35	2.082 times
20 Thu Feb 2025	66.07	69.85	69.85	65.11	1.07 times
19 Wed Feb 2025	68.54	68.54	72.15	68.54	2.45 times
18 Tue Feb 2025	72.15	73.05	74.06	72.15	0.156 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.9, but if it comes above 63.9, then a intra day buy could be more profitable.
If you take a sell trade below 63.9, then use 63.9 as stoploss and 45.7 as target. However if you take a buy trade in stock , then use 63.9 as stoploss and 79.11 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	59.87
Downside Target	62.25
Upside Target	64.75
Upside Target	68.97
Upside Target	75.95
Upside Target	79.95
Upside Target	87.34
Upside Target	90.00
Upside Target	96.40
Upside Target	102.00
Upside Target	107.00
Upside Target	109.65
Upside Target	113.28
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	60.4
Downside Intraday Target	57.69
Upside Intraday Target	65.28
Upside Intraday Target	67.45
Downside Intraday Target	62.57

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Mar 2025	63.10	63.00	64.75	59.87	0.573 times
28 Fri Feb 2025	63.03	66.89	68.97	62.25	0.586 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

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
04 Tue Mar 2025	63.10	63.00	64.75	59.87	0.157 times
28 Fri Feb 2025	63.03	105.00	107.00	62.25	0.737 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

Scroll below to view daily charts

Price has moved up 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 losing momentum.

MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 SELL signal in short term and selling is picking up 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 65.52 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.