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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 2025-07-16 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7204

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Jul 2025	60.90	62.00	62.00	60.84	0.153 times
15 Tue Jul 2025	62.09	62.09	62.09	62.09	1.358 times
14 Mon Jul 2025	63.36	63.39	63.39	63.36	1.492 times
11 Fri Jul 2025	62.15	60.94	62.15	59.72	1.655 times
10 Thu Jul 2025	60.94	59.75	60.94	59.75	0.986 times
09 Wed Jul 2025	59.75	59.57	59.75	59.00	0.264 times
08 Tue Jul 2025	59.57	60.18	60.18	59.00	0.126 times
07 Mon Jul 2025	59.00	60.00	60.00	59.00	0.319 times
04 Fri Jul 2025	59.00	60.18	60.18	59.00	1 times
03 Thu Jul 2025	60.18	60.40	61.00	60.18	1.939 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 62.5 as stoploss in an intra day sell trade for a target of 59.28. However, stock will show a bullish move above 62.5.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	50.20
Downside Target	51.98
Downside Target	56.56
Downside Target	58.10
Downside Target	60.84
Upside Target	62.15
Upside Target	63.00
Upside Target	63.39
Upside Target	63.63
Upside Target	66.34
Upside Target	69.50
Upside Target	70.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	60.03
Downside Intraday Target	59.16
Upside Intraday Target	62.58
Upside Intraday Target	64.26
Upside Intraday Target	61.71

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Jul 2025	60.90	63.39	63.39	60.84	0.896 times
11 Fri Jul 2025	62.15	60.00	62.15	59.00	0.396 times
04 Fri Jul 2025	59.00	61.90	63.63	59.00	0.539 times
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

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
16 Wed Jul 2025	60.90	60.90	63.63	59.00	0.321 times
30 Mon Jun 2025	60.60	62.50	63.00	50.20	0.762 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

Scroll below to view daily charts

Price has moved up 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

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

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

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 61.23 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 positive

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