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 2025-06-19 View latest technical analysis

10 day averaged volume of Elgi Rubber is 11301

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Jun 2025	53.78	54.00	54.00	53.78	0.391 times
18 Wed Jun 2025	54.88	53.78	54.88	53.78	2.25 times
17 Tue Jun 2025	54.88	55.50	55.50	54.88	0.833 times
16 Mon Jun 2025	56.00	56.00	56.56	54.90	1.234 times
13 Fri Jun 2025	56.00	56.11	56.11	56.00	0.732 times
12 Thu Jun 2025	56.11	57.11	57.11	56.11	1.029 times
11 Wed Jun 2025	57.11	57.50	57.50	57.11	0.839 times
10 Tue Jun 2025	57.50	58.00	58.40	57.18	0.952 times
09 Mon Jun 2025	58.30	58.00	58.30	58.00	0.716 times
06 Fri Jun 2025	57.74	57.80	58.00	57.71	0.896 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.8, but if it comes above 55.8, then a intra day buy could be more profitable.
If you take a sell trade below 55.8, then use 55.8 as stoploss and 52.1 as target. However if you take a buy trade in stock , then use 55.8 as stoploss and 58.94 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	53.31
Upside Target	56.00
Upside Target	57.71
Upside Target	61.85
Upside Target	62.50
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	52.85
Downside Intraday Target	51.93
Upside Intraday Target	55.63
Upside Intraday Target	57.49
Upside Intraday Target	54.71

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Jun 2025	53.78	56.00	56.56	53.78	1.103 times
13 Fri Jun 2025	56.00	58.00	58.40	56.00	1.241 times
06 Fri Jun 2025	57.74	62.50	62.50	57.71	1.351 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

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
19 Thu Jun 2025	53.78	62.50	62.50	53.78	0.374 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 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 losing 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 but buying is losing 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 56.14 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.