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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 2025-06-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7661

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Jun 2025	61.26	62.50	62.50	61.26	1.042 times
30 Fri May 2025	62.50	64.00	64.00	62.50	0.986 times
29 Thu May 2025	63.50	63.19	63.50	63.19	0.578 times
28 Wed May 2025	63.20	63.00	64.00	63.00	0.576 times
27 Tue May 2025	63.00	62.75	63.10	62.75	0.789 times
26 Mon May 2025	62.87	62.50	62.87	62.50	0.827 times
23 Fri May 2025	62.50	63.00	63.00	62.00	0.913 times
22 Thu May 2025	63.00	63.05	63.05	61.85	1.37 times
21 Wed May 2025	63.05	63.09	63.09	63.05	2.343 times
20 Tue May 2025	64.34	64.34	64.34	64.34	0.437 times

My analysis of stock is bearish for shortterm, and stock might move down till 58.6 or till 54.6. Use a stoploss of 61.9 and if the stock hits stoploss, then it can shoot up till 65.23

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	61.26
Upside Target	64.00
Upside Target	65.66
Upside Target	66.34
Upside Target	69.50
Upside Target	70.95
Upside Target	107.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	60.85
Downside Intraday Target	60.43
Upside Intraday Target	62.09
Upside Intraday Target	62.91
Upside Intraday Target	61.67

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Jun 2025	61.26	62.50	62.50	61.26	0.278 times
30 Fri May 2025	62.50	62.50	64.00	62.50	0.601 times
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

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
02 Mon Jun 2025	61.26	62.50	62.50	61.26	0.021 times
30 Fri May 2025	62.50	62.44	69.50	53.31	3.215 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

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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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 62.82 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 positive

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