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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 2025-08-14 View latest technical analysis

10 day averaged volume of Elgi Rubber is 9296

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Aug 2025	54.46	60.18	60.18	54.45	4.649 times
13 Wed Aug 2025	57.32	56.99	57.33	55.00	1.273 times
12 Tue Aug 2025	54.60	53.50	54.60	52.42	1.068 times
11 Mon Aug 2025	52.00	49.81	52.04	49.81	0.954 times
08 Fri Aug 2025	49.57	48.60	49.57	48.20	0.564 times
07 Thu Aug 2025	48.60	48.60	48.60	48.60	0.324 times
06 Wed Aug 2025	49.60	49.61	49.61	49.60	1.035 times
05 Tue Aug 2025	50.62	50.62	50.62	50.62	1.847 times
04 Mon Aug 2025	51.66	51.66	51.66	51.66	2.253 times
01 Fri Aug 2025	52.72	52.62	52.72	52.62	0.214 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 51.3 or till 47.4. Use a stoploss of 54.51 and if the stock hits stoploss, then it can shoot up till 57.73

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	59.16
Upside Target	60.18
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	49.45
Downside Intraday Target	44.45
Upside Intraday Target	59.82
Upside Intraday Target	65.19
Upside Intraday Target	54.82

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Aug 2025	54.46	49.81	60.18	49.81	1.319 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
14 Thu Aug 2025	54.46	52.62	60.18	48.20	0.801 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 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 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 52.91 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.