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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 2025-06-03 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7554

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	60.03	61.00	61.00	60.03	1.135 times
02 Mon Jun 2025	61.26	62.50	62.50	61.26	1.057 times
30 Fri May 2025	62.50	64.00	64.00	62.50	0.999 times
29 Thu May 2025	63.50	63.19	63.50	63.19	0.586 times
28 Wed May 2025	63.20	63.00	64.00	63.00	0.584 times
27 Tue May 2025	63.00	62.75	63.10	62.75	0.8 times
26 Mon May 2025	62.87	62.50	62.87	62.50	0.839 times
23 Fri May 2025	62.50	63.00	63.00	62.00	0.926 times
22 Thu May 2025	63.00	63.05	63.05	61.85	1.39 times
21 Wed May 2025	63.05	63.09	63.09	63.05	2.376 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 59.1 as stoploss in an intra day buy trade for a target of 62.12. However, stock will show a bearish move below 59.1.

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	60.03
Upside Target	61.85
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	59.21
Downside Intraday Target	58.38
Upside Intraday Target	61.68
Upside Intraday Target	63.32
Upside Intraday Target	60.85

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	60.03	62.50	62.50	60.03	0.576 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
03 Tue Jun 2025	60.03	62.50	62.50	60.03	0.044 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 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 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 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 SELL signal for Elgi Rubber in short term and the sell signal is strong.

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 62.46 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 negative.

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