Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2025-05-08 View latest technical analysis

10 day averaged volume of Elgi Rubber is 12271

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu May 2025	56.07	58.90	58.90	56.00	1.016 times
07 Wed May 2025	57.46	55.70	57.89	55.40	0.829 times
06 Tue May 2025	55.70	58.94	58.97	55.54	1.759 times
05 Mon May 2025	58.47	61.20	63.00	58.15	2.67 times
02 Fri May 2025	61.19	62.44	62.44	61.19	1.052 times
30 Wed Apr 2025	62.44	61.00	62.44	61.00	0.895 times
29 Tue Apr 2025	61.22	60.02	61.22	60.02	0.498 times
28 Mon Apr 2025	60.02	60.60	60.60	60.02	0.593 times
25 Fri Apr 2025	61.25	61.25	61.75	61.25	0.101 times
24 Thu Apr 2025	62.50	62.80	62.85	62.00	0.828 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 55.4, for a target of 58 or 60.21

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	53.31
Downside Intraday Target	50.56
Upside Intraday Target	60.91
Upside Intraday Target	65.76
Upside Intraday Target	58.16

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu May 2025	56.07	61.20	63.00	55.40	2.065 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
08 Thu May 2025	56.07	62.44	63.00	55.40	0.771 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 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 Strong and stock is losing 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 weakening, and bulls 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 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

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 58.88 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.