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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 2025-04-17 View latest technical analysis

10 day averaged volume of Elgi Rubber is 5780

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Apr 2025	61.64	60.00	61.64	60.00	1.299 times
16 Wed Apr 2025	60.44	60.44	60.44	60.44	1.081 times
15 Tue Apr 2025	59.26	58.21	59.26	58.21	0.978 times
11 Fri Apr 2025	58.10	59.29	59.30	58.10	2.116 times
09 Wed Apr 2025	59.29	58.30	59.29	58.29	1.13 times
08 Tue Apr 2025	59.48	59.48	59.48	59.48	1.669 times
07 Mon Apr 2025	60.70	60.70	60.70	60.70	0.325 times
04 Fri Apr 2025	61.94	62.00	62.00	61.94	0.883 times
03 Thu Apr 2025	63.21	64.00	64.00	63.21	0.863 times
02 Wed Apr 2025	64.50	65.18	65.18	64.50	0.511 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.7 or till 54.3. Use a stoploss of 62.42 and if the stock hits stoploss, then it can shoot up till 66.12

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.25
Downside Target	58.10
Downside Target	60.70
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	59.35
Downside Intraday Target	57.07
Upside Intraday Target	62.78
Upside Intraday Target	63.93
Downside Intraday Target	60.5

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Apr 2025	61.64	58.21	61.64	58.21	0.641 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
17 Thu Apr 2025	61.64	66.34	66.34	58.10	0.059 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 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 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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. 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 60.29 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.