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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 2025-03-19 View latest technical analysis

10 day averaged volume of Elgi Rubber is 71628

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	59.67	59.90	60.10	56.00	1.511 times
18 Tue Mar 2025	58.20	58.60	60.40	55.25	0.628 times
17 Mon Mar 2025	57.55	57.50	60.32	56.70	1.224 times
13 Thu Mar 2025	57.45	53.60	57.45	51.98	0.606 times
12 Wed Mar 2025	54.72	58.50	58.50	54.72	0.699 times
11 Tue Mar 2025	57.60	60.39	60.39	57.60	2.531 times
10 Mon Mar 2025	60.64	63.84	65.66	60.64	0.466 times
07 Fri Mar 2025	63.84	68.05	70.00	63.84	1.389 times
06 Thu Mar 2025	67.20	66.20	68.75	65.00	1.027 times
05 Wed Mar 2025	65.94	64.26	66.00	64.04	0.435 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 58.6 as stoploss in an intra day buy trade for a target of 62.97. However, stock will show a bearish move below 58.6.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.25
Upside Target	59.87
Upside Target	62.25
Upside Target	65.66
Upside Target	68.97
Upside Target	75.95
Upside Target	87.34
Upside Target	90.00
Upside Target	96.40
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	56.48
Downside Intraday Target	53.29
Upside Intraday Target	61.63
Upside Intraday Target	63.59
Downside Intraday Target	58.44

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Mar 2025	59.67	57.50	60.40	55.25	0.782 times
13 Thu Mar 2025	57.45	63.84	65.66	51.98	0.986 times
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

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
19 Wed Mar 2025	59.67	63.00	70.00	51.98	1.25 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 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 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 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 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 59.97 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.