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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 2025-04-21 View latest technical analysis

10 day averaged volume of Elgi Rubber is 6274

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Apr 2025	62.87	62.87	62.87	62.87	0.961 times
17 Thu Apr 2025	61.64	60.00	61.64	60.00	1.196 times
16 Wed Apr 2025	60.44	60.44	60.44	60.44	0.996 times
15 Tue Apr 2025	59.26	58.21	59.26	58.21	0.901 times
11 Fri Apr 2025	58.10	59.29	59.30	58.10	1.949 times
09 Wed Apr 2025	59.29	58.30	59.29	58.29	1.041 times
08 Tue Apr 2025	59.48	59.48	59.48	59.48	1.538 times
07 Mon Apr 2025	60.70	60.70	60.70	60.70	0.299 times
04 Fri Apr 2025	61.94	62.00	62.00	61.94	0.813 times
03 Thu Apr 2025	63.21	64.00	64.00	63.21	0.796 times

My analysis of stock is bullish for shortterm, and stock might move up till 66.2 or till 70.4. Use a stoploss of 62.69 and if this stock hits its stoploss, then it can fall down till 59.16

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
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	62.87
Downside Intraday Target	62.87
Downside Intraday Target	62.87
Downside Intraday Target	62.87
Downside Intraday Target	62.87

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Apr 2025	62.87	62.87	62.87	62.87	0.311 times
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

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 Mon Apr 2025	62.87	66.34	66.34	58.10	0.064 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 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 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 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 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 60.34 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 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 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.