Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-03-07 View latest technical analysis

10 day averaged volume of Elgi Rubber is 57468

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	63.84	68.05	70.00	63.84	1.731 times
06 Thu Mar 2025	67.20	66.20	68.75	65.00	1.28 times
05 Wed Mar 2025	65.94	64.26	66.00	64.04	0.543 times
04 Tue Mar 2025	63.10	62.00	64.26	60.20	1.242 times
03 Mon Mar 2025	61.20	63.00	64.75	59.87	0.641 times
28 Fri Feb 2025	63.03	64.15	65.60	62.26	0.787 times
27 Thu Feb 2025	65.54	68.44	68.97	64.05	0.26 times
25 Tue Feb 2025	66.87	64.50	67.78	63.10	0.561 times
24 Mon Feb 2025	65.14	66.89	66.89	62.25	1.679 times
21 Fri Feb 2025	65.00	67.90	69.37	63.35	1.987 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 61.5 as stoploss in an intra day buy trade for a target of 73.6. However, stock will show a bearish move below 61.5.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	59.87
Downside Target	62.25
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	59.14
Downside Intraday Target	54.44
Upside Intraday Target	69.27
Upside Intraday Target	74.7
Upside Intraday Target	64.57

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	63.84	63.00	70.00	59.87	1.653 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Mar 2025	63.84	63.00	70.00	59.87	0.453 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

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

Elgi Rubber Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 but SELL 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

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 64.66 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.