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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 2025-06-24 View latest technical analysis

10 day averaged volume of Elgi Rubber is 14271

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Jun 2025	54.90	52.75	55.04	51.39	1.862 times
23 Mon Jun 2025	52.42	52.85	53.79	50.20	2.247 times
20 Fri Jun 2025	52.85	52.76	53.50	52.76	1.211 times
19 Thu Jun 2025	53.78	54.00	54.00	53.78	0.31 times
18 Wed Jun 2025	54.88	53.78	54.88	53.78	1.782 times
17 Tue Jun 2025	54.88	55.50	55.50	54.88	0.66 times
16 Mon Jun 2025	56.00	56.00	56.56	54.90	0.977 times
13 Fri Jun 2025	56.00	56.11	56.11	56.00	0.58 times
12 Thu Jun 2025	56.11	57.11	57.11	56.11	0.815 times
11 Wed Jun 2025	57.11	57.50	57.50	57.11	0.664 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 54.3 as stoploss in an intra day buy trade for a target of 57.53. However, stock will show a bearish move below 54.3.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	50.20
Downside Target	51.98
Upside Target	55.04
Upside Target	57.71
Upside Target	62.25
Upside Target	62.50
Upside Target	64.00
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	51.72
Downside Intraday Target	48.54
Upside Intraday Target	56.56
Upside Intraday Target	58.22
Downside Intraday Target	53.38

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Jun 2025	54.90	52.85	55.04	50.20	0.832 times
20 Fri Jun 2025	52.85	56.00	56.56	52.76	1.462 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

Price has moved up 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
24 Tue Jun 2025	54.90	62.50	62.50	50.20	0.577 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term but BUY signal is weak.

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 54.51 and Elgi Rubber (ELGIRUBCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.