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(ELGIRUBCO) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO) share price targets

Complete technical analysis of Elgi Rubber (ELGIRUBCO) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO)

10 day averaged volume of Elgi Rubber is 83026

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Dec 2025	47.82	47.75	48.44	47.32	0.409 times
22 Mon Dec 2025	47.09	48.30	49.50	46.47	0.874 times
19 Fri Dec 2025	47.46	48.20	48.88	46.60	2.406 times
18 Thu Dec 2025	47.48	48.70	49.80	47.00	1.437 times
17 Wed Dec 2025	47.45	50.38	50.98	46.99	2.089 times
16 Tue Dec 2025	49.62	52.30	53.80	49.00	0.826 times
15 Mon Dec 2025	53.62	55.80	55.80	53.06	0.485 times
13 Sat Dec 2025	52.94	50.69	54.73	49.25	0.5 times
12 Fri Dec 2025	52.94	50.69	54.73	49.25	0.5 times
11 Thu Dec 2025	49.76	50.80	50.80	48.37	0.298 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.7 as stoploss in an intra day buy trade for a target of 57.21. However, stock will show a bearish move below 44.7.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	46.00
Upside Target	49.50
Upside Target	54.73
Upside Target	72.50
Upside Target	85.48
Upside Target	90.50
Upside Target	93.01
Upside Target	105.30
Upside Target	139.95
Upside Target	154.98

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	46.36
Downside Intraday Target	44.9
Upside Intraday Target	49.39
Upside Intraday Target	50.96
Upside Intraday Target	47.93

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Dec 2025	47.82	48.30	49.50	46.47	0.177 times
19 Fri Dec 2025	47.46	55.80	55.80	46.60	1.981 times
13 Sat Dec 2025	52.94	50.40	54.73	46.00	0.172 times
03 Wed Sep 2025	74.56	83.60	90.50	72.50	0.357 times
29 Fri Aug 2025	82.54	59.00	85.48	50.00	4.157 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)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Tue Dec 2025	47.82	50.40	55.80	46.00	0.573 times
03 Wed Sep 2025	74.56	83.60	90.50	72.50	0.357 times
29 Fri Aug 2025	82.54	59.00	85.48	50.00	0.542 times
31 Tue Dec 2024	136.05	113.80	154.98	105.30	1.874 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)

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) 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) ) 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) ) 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 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 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 and selling is picking up 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 48.56 and Elgi Rubber (ELGIRUBCO) 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) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) 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.