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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 2025-06-05 View latest technical analysis

10 day averaged volume of Elgi Rubber is 6913

Date Daily Closing Price Open High Low Volume
05 Thu Jun 2025 58.80 58.82 58.82 58.80 0.846 times
04 Wed Jun 2025 58.82 60.00 60.00 58.82 0.914 times
03 Tue Jun 2025 60.03 61.00 61.00 60.03 1.24 times
02 Mon Jun 2025 61.26 62.50 62.50 61.26 1.155 times
30 Fri May 2025 62.50 64.00 64.00 62.50 1.092 times
29 Thu May 2025 63.50 63.19 63.50 63.19 0.64 times
28 Wed May 2025 63.20 63.00 64.00 63.00 0.638 times
27 Tue May 2025 63.00 62.75 63.10 62.75 0.874 times
26 Mon May 2025 62.87 62.50 62.87 62.50 0.916 times
23 Fri May 2025 62.50 63.00 63.00 62.00 1.012 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 59.6, but if it comes above 59.6, then a intra day buy could be more profitable.
If you take a sell trade below 59.6, then use 59.6 as stoploss and 56.3 as target. However if you take a buy trade in stock , then use 59.6 as stoploss and 62.32 as target.

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
Upside Target 61.85
Upside Target 64.00
Upside Target 65.66
Upside Target 66.34
Upside Target 69.50
Upside Target 70.95
Upside Target 107.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type Value
Downside Intraday Target 57.57
Downside Intraday Target 56.33
Upside Intraday Target 61.27
Upside Intraday Target 63.73
Upside Intraday Target 60.03

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date Weekly Closing Price Open High Low Volume
05 Thu Jun 2025 58.80 62.50 62.50 58.80 0.999 times
30 Fri May 2025 62.50 62.50 64.00 62.50 0.601 times
23 Fri May 2025 62.50 65.66 65.66 61.85 0.276 times
16 Fri May 2025 67.01 55.05 69.50 55.05 1.551 times
09 Fri May 2025 56.15 61.20 63.00 53.31 3.002 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 Thu Jun 2025 58.80 62.50 62.50 58.80 0.077 times
30 Fri May 2025 62.50 62.44 69.50 53.31 3.215 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

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 SELL signal for Elgi Rubber in short term and SELL 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

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 61.52 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.

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 SELL signal for Elgi Rubber in short term and SELL 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

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 61.52 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.

Click here for Elgi Rubber charts

Click here for further forecast and predictions for tomorrow

Daily charts

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