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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 2025-08-11 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7738

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Aug 2025	52.00	49.81	52.04	49.81	1.146 times
08 Fri Aug 2025	49.57	48.60	49.57	48.20	0.677 times
07 Thu Aug 2025	48.60	48.60	48.60	48.60	0.39 times
06 Wed Aug 2025	49.60	49.61	49.61	49.60	1.243 times
05 Tue Aug 2025	50.62	50.62	50.62	50.62	2.219 times
04 Mon Aug 2025	51.66	51.66	51.66	51.66	2.706 times
01 Fri Aug 2025	52.72	52.62	52.72	52.62	0.257 times
31 Thu Jul 2025	53.70	53.70	54.35	53.70	0.562 times
30 Wed Jul 2025	54.80	54.60	54.85	54.60	0.748 times
29 Tue Jul 2025	55.70	55.70	55.70	55.70	0.705 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 51.4 as stoploss in an intra day buy trade for a target of 55.32. However, stock will show a bearish move below 51.4.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	48.20
Downside Target	49.81
Downside Target	51.66
Upside Target	56.98
Upside Target	58.10
Upside Target	58.48
Upside Target	59.16
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	50.53
Downside Intraday Target	49.05
Upside Intraday Target	52.76
Upside Intraday Target	53.51
Downside Intraday Target	51.28

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Aug 2025	52.00	49.81	52.04	49.81	0.158 times
08 Fri Aug 2025	49.57	51.66	51.66	48.20	2.617 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

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
11 Mon Aug 2025	52.00	52.62	52.72	48.20	0.406 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) based on a short 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.

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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY 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 51.62 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.