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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 2025-07-22 View latest technical analysis

10 day averaged volume of Elgi Rubber is 6845

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Jul 2025	57.00	57.05	57.40	57.00	0.86 times
21 Mon Jul 2025	57.33	58.50	58.50	57.33	0.65 times
18 Fri Jul 2025	58.50	60.30	60.30	58.48	1.38 times
17 Thu Jul 2025	59.68	61.50	61.50	59.68	1.618 times
16 Wed Jul 2025	60.90	62.00	62.00	60.84	0.161 times
15 Tue Jul 2025	62.09	62.09	62.09	62.09	1.43 times
14 Mon Jul 2025	63.36	63.39	63.39	63.36	1.57 times
11 Fri Jul 2025	62.15	60.94	62.15	59.72	1.742 times
10 Thu Jul 2025	60.94	59.75	60.94	59.75	1.038 times
09 Wed Jul 2025	59.75	59.57	59.75	59.00	0.278 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 56.4, for a target of 58.5 or 60.21

Share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Target	50.20
Downside Target	51.98
Downside Target	53.31
Downside Target	57.00
Upside Target	62.15
Upside Target	63.00
Upside Target	63.39
Upside Target	63.63
Upside Target	66.34
Upside Target	69.50
Upside Target	70.95

Intraday share price targets for Elgi Rubber (ELGIRUBCO_BE)

Target Type	Value
Downside Intraday Target	56.5
Downside Intraday Target	56
Upside Intraday Target	58
Upside Intraday Target	59
Upside Intraday Target	57.5

Weekly technical analysis of Elgi Rubber (ELGIRUBCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Jul 2025	57.00	58.50	58.50	57.00	0.245 times
18 Fri Jul 2025	58.50	63.39	63.39	58.48	1.746 times
11 Fri Jul 2025	62.15	60.00	62.15	59.00	0.396 times
04 Fri Jul 2025	59.00	61.90	63.63	59.00	0.539 times
27 Fri Jun 2025	61.90	52.85	63.00	50.20	1.604 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
22 Tue Jul 2025	57.00	60.90	63.63	57.00	0.429 times
30 Mon Jun 2025	60.60	62.50	63.00	50.20	0.762 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

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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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

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 60.57 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.