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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
₹60.07
₹0.87(1.47%)
Indian Market opens in 42h 51m

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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 Bullish (RSI: 54.61)
Trend Strength:Weak (ADX: 18.13)
Volatility:High (ATR: 3.38)
Support/Resistance:$55.32 – $63.10 (Bollinger Bands)

Technical conditions suggest Elgi Rubber Company Limited on the NSE is awaiting a decisive move. This mix signals that Elgi Rubber Company Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 54.61

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 25.32

Bearish
Momentum remains weak below midpoint.

Williams %R: -62.41

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 4.63

Bullish
Steady upward momentum.

Takeaway:Elgi Rubber Company Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.74

Bullish
Bullish, trend momentum is strengthening.

ADX: 18.13

Weak
Weak trend, market trading sideways.

ATR (14): 3.38

Medium
Medium volatility, healthy price movement.

CCI (14): 21.16

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$63.10
Middle Band (SMA 20)
$59.21
Lower Band
$55.32
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$65.53
Middle Line (EMA 20)
$58.76
Lower Channel
$52.00
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 Volume2.22M
Money Flow Index71.89Bullish, inflows support continued momentum.
Relative Vigor Index46.80Neutral to Bearish, sellers 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 (NSE: ELGIRUBCO.NS), 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

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