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Elgi Rubber Company Limited

ELGIRUBCO.NS•NSE
Consumer Cyclical
Auto - Parts
₹40.81
₹-0.47(-1.14%)
Indian Market opens in 13h 32m

Elgi Rubber Company Limited (ELGIRUBCO.NS) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Elgi Rubber Company Limited (NSE:ELGIRUBCO.NS).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELGIRUBCO.NS Technical Analysis Summary

Elgi Rubber Company Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 56.18)
Trend Strength:Weak (ADX: 17.63)
Volatility:High (ATR: 2.87)
Support/Resistance:$34.70 – $43.49 (Bollinger Bands)

This mix signals that Elgi Rubber Company Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 56.18

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 77.93

Bullish
Buying momentum building without extremes.

Williams %R: -20.64

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 11.96

Strongly Bullish
Strong upside momentum.

Takeaway:Elgi Rubber Company Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.17

Bullish
Bullish, trend momentum is strengthening.

ADX: 17.63

Weak
Weak trend, market trading sideways.

ATR (14): 2.87

Medium
Medium volatility, healthy price movement.

CCI (14): 112.56

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Elgi Rubber Company Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$43.49
Middle Band (SMA 20)
$39.09
Lower Band
$34.70
Current Position
Within Bands

Takeaway:Elgi Rubber Company Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$45.49
Middle Line (EMA 20)
$39.75
Lower Channel
$34.00
Squeeze Status
Squeeze On

Takeaway:Elgi Rubber Company Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-247.29K
Money Flow Index46.50Neutral, balanced money flows with no clear signal.
Relative Vigor Index56.06Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:ELGIRUBCO.NS shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Elgi Rubber Company Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Elgi Rubber Company Limited are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ