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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 2025-05-07 View latest technical analysis

10 day averaged volume of Elgi Rubber is 11857

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed May 2025	57.46	55.70	57.89	55.40	0.858 times
06 Tue May 2025	55.70	58.94	58.97	55.54	1.821 times
05 Mon May 2025	58.47	61.20	63.00	58.15	2.763 times
02 Fri May 2025	61.19	62.44	62.44	61.19	1.088 times
30 Wed Apr 2025	62.44	61.00	62.44	61.00	0.927 times
29 Tue Apr 2025	61.22	60.02	61.22	60.02	0.515 times
28 Mon Apr 2025	60.02	60.60	60.60	60.02	0.614 times
25 Fri Apr 2025	61.25	61.25	61.75	61.25	0.104 times
24 Thu Apr 2025	62.50	62.80	62.85	62.00	0.857 times
22 Tue Apr 2025	64.12	64.12	64.12	64.12	0.802 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.5, but if it comes above 58.5, then a intra day buy could be more profitable.
If you take a sell trade below 58.5, then use 58.5 as stoploss and 56 as target. However if you take a buy trade in stock , then use 58.5 as stoploss and 60.57 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	55.40
Upside 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	54.24
Downside Intraday Target	51.02
Upside Intraday Target	61.84
Upside Intraday Target	66.22
Upside Intraday Target	58.62

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed May 2025	57.46	61.20	63.00	55.40	1.731 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Wed May 2025	57.46	62.44	63.00	55.40	0.664 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 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 short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Elgi Rubber in short term and the sell signal is strong.

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal in short term but selling 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 59.57 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 negative.

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