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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 2025-04-28 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7476

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Apr 2025	60.02	60.60	60.60	60.02	0.973 times
25 Fri Apr 2025	61.25	61.25	61.75	61.25	0.165 times
24 Thu Apr 2025	62.50	62.80	62.85	62.00	1.36 times
22 Tue Apr 2025	64.12	64.12	64.12	64.12	1.272 times
21 Mon Apr 2025	62.87	62.87	62.87	62.87	0.807 times
17 Thu Apr 2025	61.64	60.00	61.64	60.00	1.004 times
16 Wed Apr 2025	60.44	60.44	60.44	60.44	0.836 times
15 Tue Apr 2025	59.26	58.21	59.26	58.21	0.756 times
11 Fri Apr 2025	58.10	59.29	59.30	58.10	1.636 times
09 Wed Apr 2025	59.29	58.30	59.29	58.29	0.874 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 59.5 as stoploss in an intra day buy trade for a target of 62.9. However, stock will show a bearish move below 59.5.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	58.10
Downside Target	60.02
Upside Target	64.12
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	59.83
Downside Intraday Target	59.63
Upside Intraday Target	60.41
Upside Intraday Target	60.79
Upside Intraday Target	60.21

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Apr 2025	60.02	60.60	60.60	60.02	0.27 times
25 Fri Apr 2025	61.25	62.87	64.12	61.25	1.388 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

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
28 Mon Apr 2025	60.02	66.34	66.34	58.10	0.09 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 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 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 short to mid 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 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. Bulls are getting tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 60.92 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.