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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 2025-04-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 49032

Date	Daily Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	64.50	65.18	65.18	64.50	0.06 times
01 Tue Apr 2025	65.20	66.34	66.34	65.20	0.052 times
28 Fri Mar 2025	66.34	66.34	66.34	66.34	0.07 times
26 Wed Mar 2025	69.09	69.09	69.09	69.09	0.302 times
25 Tue Mar 2025	70.51	68.00	70.95	64.32	1.609 times
24 Mon Mar 2025	67.58	65.00	67.58	65.00	1.128 times
21 Fri Mar 2025	64.37	63.98	64.39	62.99	0.643 times
20 Thu Mar 2025	61.33	61.47	61.50	60.10	1.283 times
19 Wed Mar 2025	59.67	59.90	60.10	56.00	2.207 times
18 Tue Mar 2025	58.20	58.60	60.40	55.25	0.917 times

My analysis of stock is bullish for shortterm, and stock might move up till 67.1 or till 72.2. Use a stoploss of 62.8 and if this stock hits its stoploss, then it can fall down till 58.53

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.25
Downside Target	59.87
Downside Target	62.25
Downside Target	64.32
Upside Target	70.00
Upside Target	70.95
Upside Target	87.34
Upside Target	96.40
Upside Target	107.00
Upside Target	109.65
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	63.89
Downside Intraday Target	63.27
Upside Intraday Target	65.73
Upside Intraday Target	66.95
Upside Intraday Target	65.11

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	64.50	66.34	66.34	64.50	0.036 times
28 Fri Mar 2025	66.34	65.00	70.95	64.32	0.455 times
21 Fri Mar 2025	64.37	57.50	64.39	55.25	1.088 times
13 Thu Mar 2025	57.45	63.84	65.66	51.98	0.986 times
07 Fri Mar 2025	63.84	63.00	70.00	59.87	1.653 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
02 Wed Apr 2025	64.50	66.34	66.34	64.50	0.005 times
28 Fri Mar 2025	66.34	63.00	70.95	51.98	1.608 times
28 Fri Feb 2025	63.03	105.00	107.00	62.25	0.737 times
31 Fri Jan 2025	101.94	131.05	140.00	96.40	1.939 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 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 below 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 SELL signal in short term but selling 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 63.79 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.