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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 2025-05-05 View latest technical analysis

10 day averaged volume of Elgi Rubber is 7798

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon May 2025	58.47	61.20	63.00	58.15	4.201 times
02 Fri May 2025	61.19	62.44	62.44	61.19	1.655 times
30 Wed Apr 2025	62.44	61.00	62.44	61.00	1.409 times
29 Tue Apr 2025	61.22	60.02	61.22	60.02	0.784 times
28 Mon Apr 2025	60.02	60.60	60.60	60.02	0.933 times
25 Fri Apr 2025	61.25	61.25	61.75	61.25	0.159 times
24 Thu Apr 2025	62.50	62.80	62.85	62.00	1.304 times
22 Tue Apr 2025	64.12	64.12	64.12	64.12	1.22 times
21 Mon Apr 2025	62.87	62.87	62.87	62.87	0.773 times
17 Thu Apr 2025	61.64	60.00	61.64	60.00	0.963 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, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.5, but if it comes above 59.5, then a intra day buy could be more profitable.
If you take a sell trade below 59.5, then use 59.5 as stoploss and 57.1 as target. However if you take a buy trade in stock , then use 59.5 as stoploss and 61.39 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	58.10
Upside Target	60.02
Upside Target	63.00
Upside Target	64.12
Upside Target	66.34
Upside Target	70.95
Upside Target	96.40
Upside Target	107.00
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	56.75
Downside Intraday Target	55.02
Upside Intraday Target	61.6
Upside Intraday Target	64.72
Upside Intraday Target	59.87

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon May 2025	58.47	61.20	63.00	58.15	0.879 times
02 Fri May 2025	61.19	60.60	62.44	60.02	1.384 times
25 Fri Apr 2025	61.25	62.87	64.12	61.25	1.388 times
17 Thu Apr 2025	61.64	58.21	61.64	58.21	0.641 times
11 Fri Apr 2025	58.10	60.70	60.70	58.10	1.94 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
05 Mon May 2025	58.47	62.44	63.00	58.15	0.392 times
30 Wed Apr 2025	62.44	66.34	66.34	58.10	0.105 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

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 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 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.

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 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 SELL signal in short term and selling is picking up 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 60.91 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.