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Elgi Rubber Company Limited

ELGIRUBCO.NS Technical Analysis Summary (NSE)

Analyze ELGIRUBCO.NS on the NSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ELGIRUBCO.NS●NSE
IndustrialsManufacturing - Miscellaneous
₹56.68
₹1.80(3.08%)
Indian Market opens in 11h 8m

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 (NSE)

Elgi Rubber Company Limited (NSE: ELGIRUBCO.NS) stock currently shows a neutral trend on the NSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 42.79)
Trend Strength:Weak (ADX: 16.71)
Volatility:High (ATR: 3.55)
Support/Resistance:$56.14 – $62.16 (Bollinger Bands)

Technical conditions suggest Elgi Rubber Company Limited on the NSE is awaiting a decisive move. Overall, Elgi Rubber Company Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 42.79

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 21.54

Bearish
Momentum remains weak below midpoint.

Williams %R: -95.46

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -6.67

Strongly Bearish
Sharp downside momentum.

Takeaway:Elgi Rubber Company Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.03

Bullish
Bullish, trend momentum is strengthening.

ADX: 16.71

Weak
Weak trend, market trading sideways.

ATR (14): 3.55

Medium
Medium volatility, healthy price movement.

CCI (14): -151.77

Bearish
Bearish, oversold conditions may spark rebound.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$62.16
Middle Band (SMA 20)
$59.15
Lower Band
$56.14
Current Position
Within Bands

Takeaway:Elgi Rubber Company Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$66.16
Middle Line (EMA 20)
$59.06
Lower Channel
$51.96
Squeeze Status
Squeeze On

Takeaway:Elgi Rubber Company Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume2.24M
Money Flow Index63.38Bullish, inflows support continued momentum.
Relative Vigor Index31.97Bearish, price momentum favors sellers.

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 (NSE: ELGIRUBCO.NS), here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

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

(NSE: ELGIRUBCO.NS) Technical Analysis FAQ