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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 2025-06-27 View latest technical analysis

10 day averaged volume of Elgi Rubber is 16842

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Jun 2025	61.90	61.10	63.00	59.10	1.391 times
26 Thu Jun 2025	60.52	60.52	60.52	60.00	1.064 times
25 Wed Jun 2025	57.64	55.80	57.64	55.80	0.778 times
24 Tue Jun 2025	54.90	52.75	55.04	51.39	1.577 times
23 Mon Jun 2025	52.42	52.85	53.79	50.20	1.904 times
20 Fri Jun 2025	52.85	52.76	53.50	52.76	1.026 times
19 Thu Jun 2025	53.78	54.00	54.00	53.78	0.262 times
18 Wed Jun 2025	54.88	53.78	54.88	53.78	1.51 times
17 Tue Jun 2025	54.88	55.50	55.50	54.88	0.559 times
16 Mon Jun 2025	56.00	56.00	56.56	54.90	0.828 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 62.8, for a target of 59.7 or 57.07

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	50.20
Downside Target	51.98
Downside Target	56.00
Downside Target	57.71
Upside Target	62.25
Upside Target	63.00
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	53.73
Downside Intraday Target	45.57
Upside Intraday Target	66.53
Upside Intraday Target	71.17
Downside Intraday Target	58.37

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Jun 2025	61.90	52.85	63.00	50.20	1.604 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Jun 2025	61.90	62.50	63.00	50.20	0.722 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 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 short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

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

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and BUY 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

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 55.96 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 rising upwards.

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 is giving positive 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.