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 2025-03-21 View latest technical analysis

10 day averaged volume of Elgi Rubber is 78490

Date	Daily Closing Price	Open	High	Low	Volume
21 Fri Mar 2025	64.37	63.98	64.39	62.99	0.402 times
20 Thu Mar 2025	61.33	61.47	61.50	60.10	0.802 times
19 Wed Mar 2025	59.67	59.90	60.10	56.00	1.379 times
18 Tue Mar 2025	58.20	58.60	60.40	55.25	0.573 times
17 Mon Mar 2025	57.55	57.50	60.32	56.70	1.117 times
13 Thu Mar 2025	57.45	53.60	57.45	51.98	0.553 times
12 Wed Mar 2025	54.72	58.50	58.50	54.72	0.638 times
11 Tue Mar 2025	57.60	60.39	60.39	57.60	2.31 times
10 Mon Mar 2025	60.64	63.84	65.66	60.64	0.425 times
07 Fri Mar 2025	63.84	68.05	70.00	63.84	1.267 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 65.8 as stoploss in an intra day sell trade for a target of 62.22. However, stock will show a bullish move above 65.8.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.25
Downside Target	59.87
Downside Target	62.25
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	58.28
Downside Intraday Target	52.2
Upside Intraday Target	67.42
Upside Intraday Target	70.48
Downside Intraday Target	61.34

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Fri Mar 2025	64.37	57.50	64.39	55.25	1.088 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
21 Fri Mar 2025	64.37	63.00	70.00	51.98	1.387 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 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 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 Weak 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.

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

MRSI is in positive zone. This is a BUY 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 59.3 and Elgi Rubber (ELGIRUBCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.