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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 2025-04-04 View latest technical analysis

10 day averaged volume of Elgi Rubber is 36565

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Apr 2025	61.94	62.00	62.00	61.94	0.14 times
03 Thu Apr 2025	63.21	64.00	64.00	63.21	0.136 times
02 Wed Apr 2025	64.50	65.18	65.18	64.50	0.081 times
01 Tue Apr 2025	65.20	66.34	66.34	65.20	0.07 times
28 Fri Mar 2025	66.34	66.34	66.34	66.34	0.094 times
26 Wed Mar 2025	69.09	69.09	69.09	69.09	0.405 times
25 Tue Mar 2025	70.51	68.00	70.95	64.32	2.158 times
24 Mon Mar 2025	67.58	65.00	67.58	65.00	1.512 times
21 Fri Mar 2025	64.37	63.98	64.39	62.99	0.862 times
20 Thu Mar 2025	61.33	61.47	61.50	60.10	1.721 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.6 or till 53.5. Use a stoploss of 62.84 and if the stock hits stoploss, then it can shoot up till 67.1

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	61.94
Upside Target	64.32
Upside Target	70.00
Upside Target	70.95
Upside Target	87.34
Upside Target	96.40
Upside Target	107.00
Upside Target	109.65
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	60.47
Downside Intraday Target	59.01
Upside Intraday Target	64.87
Upside Intraday Target	67.81
Upside Intraday Target	63.41

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Apr 2025	61.94	66.34	66.34	61.94	0.102 times
28 Fri Mar 2025	66.34	65.00	70.95	64.32	0.455 times
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

Price has moved down 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 Fri Apr 2025	61.94	66.34	66.34	61.94	0.014 times
28 Fri Mar 2025	66.34	63.00	70.95	51.98	1.608 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 66.4 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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.