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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 2025-08-06 View latest technical analysis

10 day averaged volume of Elgi Rubber is 8209

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Aug 2025	49.60	49.61	49.61	49.60	1.172 times
05 Tue Aug 2025	50.62	50.62	50.62	50.62	2.092 times
04 Mon Aug 2025	51.66	51.66	51.66	51.66	2.551 times
01 Fri Aug 2025	52.72	52.62	52.72	52.62	0.242 times
31 Thu Jul 2025	53.70	53.70	54.35	53.70	0.53 times
30 Wed Jul 2025	54.80	54.60	54.85	54.60	0.705 times
29 Tue Jul 2025	55.70	55.70	55.70	55.70	0.665 times
28 Mon Jul 2025	56.84	57.71	57.71	56.84	0.464 times
25 Fri Jul 2025	58.00	57.97	58.25	57.97	0.066 times
24 Thu Jul 2025	59.16	58.45	59.16	58.45	0.815 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 48.6, for a target of 53.3 or 57.14

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	49.60
Upside Target	51.66
Upside Target	56.98
Upside Target	59.00
Upside Target	59.16
Upside Target	62.15
Upside Target	63.00
Upside Target	63.39
Upside Target	63.63
Upside Target	66.34
Upside Target	69.50

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	48.91
Downside Intraday Target	48.23
Upside Intraday Target	50.97
Upside Intraday Target	52.35
Upside Intraday Target	50.29

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Aug 2025	49.60	51.66	51.66	49.60	2.231 times
01 Fri Aug 2025	52.72	57.71	57.71	52.62	0.65 times
25 Fri Jul 2025	58.00	58.50	59.16	56.98	0.781 times
18 Fri Jul 2025	58.50	63.39	63.39	58.48	1.746 times
11 Fri Jul 2025	62.15	60.00	62.15	59.00	0.396 times

Price has moved down 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
06 Wed Aug 2025	49.60	52.62	52.72	49.60	0.302 times
31 Thu Jul 2025	53.70	60.90	63.63	53.70	0.576 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

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 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 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 and the buying is gaining 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 52.8 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.