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 2025-05-23 View latest technical analysis

10 day averaged volume of Elgi Rubber is 24931

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri May 2025	62.50	63.00	63.00	62.00	0.281 times
22 Thu May 2025	63.00	63.05	63.05	61.85	0.421 times
21 Wed May 2025	63.05	63.09	63.09	63.05	0.72 times
20 Tue May 2025	64.34	64.34	64.34	64.34	0.134 times
19 Mon May 2025	65.66	65.66	65.66	65.66	0.363 times
16 Fri May 2025	67.01	68.90	69.50	66.61	1.288 times
15 Thu May 2025	67.07	66.00	67.07	65.00	3.458 times
14 Wed May 2025	63.88	60.06	63.88	60.06	1.335 times
13 Tue May 2025	60.84	60.90	61.50	58.90	0.412 times
12 Mon May 2025	58.95	55.05	58.95	55.05	0.467 times

My analysis of stock is bullish for shortterm, and stock might move up till 64.7 or till 68.7. Use a stoploss of 61.31 and if this stock hits its stoploss, then it can fall down till 57.96

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	53.31
Downside Target	55.05
Downside Target	58.10
Downside Target	60.02
Downside Target	61.25
Upside Target	65.66
Upside Target	69.50
Upside Target	70.95
Upside Target	96.40
Upside Target	107.00
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	61.01
Downside Intraday Target	59.53
Upside Intraday Target	64.82
Upside Intraday Target	67.15
Upside Intraday Target	63.34

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri May 2025	62.50	65.66	65.66	61.85	0.276 times
16 Fri May 2025	67.01	55.05	69.50	55.05	1.551 times
09 Fri May 2025	56.15	61.20	63.00	53.31	3.002 times
02 Fri May 2025	61.19	60.60	62.44	60.02	1.384 times
25 Fri Apr 2025	61.25	62.87	64.12	61.25	1.388 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
23 Fri May 2025	62.50	62.44	69.50	53.31	2.968 times
30 Wed Apr 2025	62.44	66.34	66.34	58.10	0.105 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

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 green color and prices are in or below the green 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

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 65.1 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.