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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)

10 day averaged volume of Elgi Rubber is 19301

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	100.56	100.29	102.88	98.20	0.358 times
06 Thu Feb 2025	100.29	102.00	104.80	99.80	0.788 times
05 Wed Feb 2025	102.00	103.00	105.85	100.01	0.644 times
04 Tue Feb 2025	104.95	101.55	107.00	101.55	1.115 times
03 Mon Feb 2025	104.39	105.00	105.00	101.00	0.399 times
31 Fri Jan 2025	101.94	98.10	102.80	98.10	1.115 times
30 Thu Jan 2025	100.46	102.08	104.94	99.00	0.653 times
29 Wed Jan 2025	100.24	98.30	102.79	96.40	0.858 times
28 Tue Jan 2025	100.62	101.79	103.79	98.60	3.035 times
27 Mon Jan 2025	103.79	110.00	110.00	103.79	0.663 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 101.5, but if it comes above 101.5, then a intra day buy could be more profitable.
If you take a sell trade below 101.5, then use 101.5 as stoploss and 94.3 as target. However if you take a buy trade in stock , then use 101.5 as stoploss and 107.47 as target.

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	86.00
Downside Target	90.00
Downside Target	96.40
Upside Target	107.00
Upside Target	109.65
Upside Target	111.56
Upside Target	113.28
Upside Target	118.99
Upside Target	119.62
Upside Target	121.41
Upside Target	140.00

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	96.84
Downside Intraday Target	93.12
Upside Intraday Target	105.64
Upside Intraday Target	110.72
Upside Intraday Target	101.92

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Feb 2025	100.56	105.00	107.00	98.20	0.522 times
31 Fri Jan 2025	101.94	110.00	110.00	96.40	1.339 times
24 Fri Jan 2025	109.26	119.62	119.62	107.00	0.611 times
17 Fri Jan 2025	116.62	116.41	118.99	107.20	0.377 times
10 Fri Jan 2025	121.41	136.95	140.00	121.41	2.241 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
07 Fri Feb 2025	100.56	105.00	107.00	98.20	0.068 times
31 Fri Jan 2025	101.94	131.05	140.00	96.40	1.939 times
25 Fri Oct 2024	90.94	96.51	109.65	87.34	0.621 times
30 Mon Sep 2024	96.91	109.39	113.28	90.00	0.659 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 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 short term time period is neutral. A longer time frame might give a better analysis.

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 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 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 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 101.67 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.