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 2025-04-15 View latest technical analysis

10 day averaged volume of Elgi Rubber is 6415

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Apr 2025	59.26	58.21	59.26	58.21	0.881 times
11 Fri Apr 2025	58.10	59.29	59.30	58.10	1.906 times
09 Wed Apr 2025	59.29	58.30	59.29	58.29	1.018 times
08 Tue Apr 2025	59.48	59.48	59.48	59.48	1.504 times
07 Mon Apr 2025	60.70	60.70	60.70	60.70	0.293 times
04 Fri Apr 2025	61.94	62.00	62.00	61.94	0.795 times
03 Thu Apr 2025	63.21	64.00	64.00	63.21	0.778 times
02 Wed Apr 2025	64.50	65.18	65.18	64.50	0.46 times
01 Tue Apr 2025	65.20	66.34	66.34	65.20	0.4 times
28 Fri Mar 2025	66.34	66.34	66.34	66.34	0.537 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 57.7 as stoploss in an intra day buy trade for a target of 61.92. However, stock will show a bearish move below 57.7.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.25
Downside Target	58.10
Upside Target	60.70
Upside Target	61.94
Upside Target	64.32
Upside Target	66.34
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	58.56
Downside Intraday Target	57.86
Upside Intraday Target	59.61
Upside Intraday Target	59.96
Downside Intraday Target	58.91

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Apr 2025	59.26	58.21	59.26	58.21	0.187 times
11 Fri Apr 2025	58.10	60.70	60.70	58.10	1.94 times
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

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
15 Tue Apr 2025	59.26	66.34	66.34	58.10	0.047 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 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 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 BUY signal in short term but buying 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 60.7 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.