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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)

10 day averaged volume of Elgi Rubber is 19305

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	104.95	101.55	107.00	101.55	1.114 times
03 Mon Feb 2025	104.39	105.00	105.00	101.00	0.399 times
31 Fri Jan 2025	101.94	98.10	102.80	98.10	1.115 times
30 Thu Jan 2025	100.46	102.08	104.94	99.00	0.653 times
29 Wed Jan 2025	100.24	98.30	102.79	96.40	0.858 times
28 Tue Jan 2025	100.62	101.79	103.79	98.60	3.034 times
27 Mon Jan 2025	103.79	110.00	110.00	103.79	0.663 times
24 Fri Jan 2025	109.26	111.97	114.49	108.00	0.729 times
23 Thu Jan 2025	111.42	107.23	114.00	107.23	0.805 times
22 Wed Jan 2025	109.42	109.99	116.40	107.00	0.809 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 102.6 as stoploss in an intra day buy trade for a target of 111.51. However, stock will show a bearish move below 102.6.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	86.00
Downside Target	90.00
Downside Target	96.40
Downside Target	101.00
Upside Target	107.00
Upside Target	109.65
Upside Target	111.56
Upside Target	113.28
Upside Target	118.99
Upside Target	119.62
Upside Target	121.41
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	101.63
Downside Intraday Target	98.32
Upside Intraday Target	107.63
Upside Intraday Target	110.32
Downside Intraday Target	104.32

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	104.95	105.00	107.00	101.00	0.239 times
31 Fri Jan 2025	101.94	110.00	110.00	96.40	1.339 times
24 Fri Jan 2025	109.26	119.62	119.62	107.00	0.611 times
17 Fri Jan 2025	116.62	116.41	118.99	107.20	0.377 times
10 Fri Jan 2025	121.41	136.95	140.00	121.41	2.241 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
04 Tue Feb 2025	104.95	105.00	107.00	101.00	0.031 times
31 Fri Jan 2025	101.94	131.05	140.00	96.40	1.939 times
25 Fri Oct 2024	90.94	96.51	109.65	87.34	0.621 times
30 Mon Sep 2024	96.91	109.39	113.28	90.00	0.659 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 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 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 103.72 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.