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 2025-05-15 View latest technical analysis

10 day averaged volume of Elgi Rubber is 19101

Date	Daily Closing Price	Open	High	Low	Volume
15 Thu May 2025	67.07	66.00	67.07	65.00	4.514 times
14 Wed May 2025	63.88	60.06	63.88	60.06	1.743 times
13 Tue May 2025	60.84	60.90	61.50	58.90	0.538 times
12 Mon May 2025	58.95	55.05	58.95	55.05	0.61 times
09 Fri May 2025	56.15	53.50	57.33	53.31	1.829 times
08 Thu May 2025	56.07	58.90	58.90	56.00	0.653 times
07 Wed May 2025	57.46	55.70	57.89	55.40	0.532 times
06 Tue May 2025	55.70	58.94	58.97	55.54	1.13 times
05 Mon May 2025	58.47	61.20	63.00	58.15	1.715 times
02 Fri May 2025	61.19	62.44	62.44	61.19	0.676 times

Stock of Elgi Rubber (ELGIRUBCO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 66.9, for a target of 63.4 or 60.58

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	51.98
Downside Target	53.31
Downside Target	55.05
Downside Target	58.10
Downside Target	60.02
Downside Target	61.25
Downside Target	66.34
Downside Target	67.07
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	59.06
Downside Intraday Target	51.04
Upside Intraday Target	71.08
Upside Intraday Target	75.08
Downside Intraday Target	63.06

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Thu May 2025	67.07	55.05	67.07	55.05	1.264 times
09 Fri May 2025	56.15	61.20	63.00	53.31	3.002 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

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
15 Thu May 2025	67.07	62.44	67.07	53.31	2.283 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 up this month, and volume has increased substantially. This means that the move can 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 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 61.5 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.