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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 2025-06-04 View latest technical analysis

10 day averaged volume of Elgi Rubber is 8076

Date	Daily Closing Price	Open	High	Low	Volume
04 Wed Jun 2025	58.82	60.00	60.00	58.82	0.783 times
03 Tue Jun 2025	60.03	61.00	61.00	60.03	1.062 times
02 Mon Jun 2025	61.26	62.50	62.50	61.26	0.989 times
30 Fri May 2025	62.50	64.00	64.00	62.50	0.935 times
29 Thu May 2025	63.50	63.19	63.50	63.19	0.548 times
28 Wed May 2025	63.20	63.00	64.00	63.00	0.546 times
27 Tue May 2025	63.00	62.75	63.10	62.75	0.748 times
26 Mon May 2025	62.87	62.50	62.87	62.50	0.784 times
23 Fri May 2025	62.50	63.00	63.00	62.00	0.866 times
22 Thu May 2025	63.00	63.05	63.05	61.85	1.3 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.2, but if it comes above 59.2, then a intra day buy could be more profitable.
If you take a sell trade below 59.2, then use 59.2 as stoploss and 55.7 as target. However if you take a buy trade in stock , then use 59.2 as stoploss and 62.19 as target.

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
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	57.59
Downside Intraday Target	56.37
Upside Intraday Target	61.27
Upside Intraday Target	63.73
Upside Intraday Target	60.05

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Wed Jun 2025	58.82	62.50	62.50	58.82	0.795 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
04 Wed Jun 2025	58.82	62.50	62.50	58.82	0.061 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 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 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 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 Strong 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 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 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 61.98 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.