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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 777063

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Aug 2025	82.54	74.55	85.48	74.50	2.917 times
28 Thu Aug 2025	71.37	65.00	75.97	59.30	1.804 times
26 Tue Aug 2025	63.31	53.09	63.70	50.00	1.54 times
25 Mon Aug 2025	53.09	59.00	61.80	52.51	0.109 times
31 Tue Dec 2024	136.05	140.50	142.00	133.01	0.28 times
30 Mon Dec 2024	138.54	146.00	154.98	136.50	1.252 times
27 Fri Dec 2024	146.84	130.96	151.90	126.35	4.155 times
26 Thu Dec 2024	130.16	115.65	137.70	114.11	0.688 times
24 Tue Dec 2024	117.36	123.00	123.00	115.55	0.044 times
23 Mon Dec 2024	119.24	122.70	124.84	118.00	0.059 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 90.5, but if it comes above 90.5, then a intra day buy could be more profitable.
If you take a sell trade below 90.5, then use 90.5 as stoploss and 59.7 as target. However if you take a buy trade in stock , then use 90.5 as stoploss and 116.1 as target.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	50.00
Downside Target	51.90
Upside Target	85.00
Upside Target	93.01
Upside Target	100.99
Upside Target	105.30
Upside Target	114.11
Upside Target	119.50
Upside Target	133.01
Upside Target	138.00
Upside Target	139.90
Upside Target	139.95
Upside Target	151.90
Upside Target	154.98

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	59.87
Downside Intraday Target	37.19
Upside Intraday Target	95.35
Upside Intraday Target	108.15
Downside Intraday Target	72.67

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Aug 2025	82.54	59.00	85.48	50.00	4.157 times
31 Tue Dec 2024	136.05	146.00	154.98	133.01	0.31 times
27 Fri Dec 2024	146.84	122.70	151.90	114.11	4.211 times
20 Fri Dec 2024	120.88	128.64	139.90	120.02	1.104 times
13 Fri Dec 2024	125.64	132.70	138.00	119.50	0.35 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)

Date	Monthly Closing Price	Open	High	Low	Volume
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
29 Fri Nov 2024	112.47	93.01	139.95	93.01	40.066 times
31 Thu Oct 2024	92.34	95.00	100.99	85.00	0.015 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 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) ) 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) ) based on a short to mid 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) ) 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 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 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 but selling is losing 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 108.68 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.