ElgiRubber - Multi year cup and handle breakout retestELGI Rubber co. Cup and Handle pattern
One can enter in to this stock between 65 to 90 for upward targets
Invalid below - 48
Disclaimer : Educational Content. Do your own research
5.37INR
116.61 MINR
3.86 BINR
About ELGI RUBBER CO. LTD
Sector
Industry
CEO
Sudarsan Varadaraj
Website
Headquarters
Coimbatore
Founded
1981
ISIN
INE819L01012
FIGI
BBG001YW0C84
Elgi Rubber Co. Ltd. engages in the manufacture of retreading machinery, reclaimed, and retread rubber. Its brands include Jet, Cincinnati Retread System (CRS), Armonas, Pincott, Carbrasive, Midwest Rubber, WesternWeld, Ecorr, and Kooltread. The company was founded on May 13, 1981 and is headquartered in Coimbatore, India.
Elgi rubber- cup and handle and rounding bottomElgi rubber- C&H breakout done on monthly. Rounding bottom breakout pending at 71. Enter after weekly close above 71 for the target of 100 and 130.
Note: This is for educational purpose only.
#ELGIRUBCO WTF BO with VolumeWTF Stock is in UT, Formed a Cup & Handle BO
The volume before BO was less, on BO 5x avg volume
RS Line making 52WH
MACD Bounce
ELGIRUBCO#InvestmentPick
CUP & HANDLE PATTERN FORMATION
Buy @ cmp 35 & in dips till 24.50 | MCBSL 16
Short-Term to Mid-Term Tgt - 42 / 50
Long-Term Tgt - 73 / 90
Analysis Request: Elgi Rubber@sajid11 :
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Jumping to stock analysis(Technical):
It is c
#ELGIRUBCOELGIRUBCO Ready for a rise
All time frames have momentum
Descending Lows are done
Crossed MIZone
Elgi Rubber. Turnaround in trend with inverse head and shoulderPrevious trend: Down Trend (66 to 11)
Present trend: Consolidation (price has again tested Neckline)
Support: 23.90 and 16.10
Resistance: 36.55 and 49.15
Reversal Pattern: Inverse Head and Shoulder
Volume: highest volume of 2.7 mn on the day downward trend line broken.
Price invalidation level/stopl
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Frequently Asked Questions
The current price of ELGIRUBCO is 103.05 INR — it hasn't changed in the past 24 hours. Watch ELGI RUBBER CO. LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange ELGI RUBBER CO. LTD stocks are traded under the ticker ELGIRUBCO.
ELGIRUBCO stock has fallen by −8.36% compared to the previous week, the month change is a 10.36% rise, over the last year ELGI RUBBER CO. LTD has showed a 90.83% increase.
ELGIRUBCO reached its all-time high on Aug 28, 2024 with the price of 111.56 INR, and its all-time low was 9.30 INR and was reached on Apr 7, 2020. View more price dynamics on ELGIRUBCO chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
ELGIRUBCO stock is 2.05% volatile and has beta coefficient of 2.09. Track ELGI RUBBER CO. LTD stock price on the chart and check out the list of the most volatile stocks — is ELGI RUBBER CO. LTD there?
Today ELGI RUBBER CO. LTD has the market capitalization of 5.16 B, it has decreased by −7.77% over the last week.
Yes, you can track ELGI RUBBER CO. LTD financials in yearly and quarterly reports right on TradingView.
ELGIRUBCO net income for the last quarter is 202.84 M INR, while the quarter before that showed −17.03 M INR of net income which accounts for 1.29 K% change. Track more ELGI RUBBER CO. LTD financial stats to get the full picture.
ELGI RUBBER CO. LTD dividend yield was 0.00% in 2023, and payout ratio reached 0.00%. The year before the numbers were 0.00% and 0.00% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ELGI RUBBER CO. LTD EBITDA is 238.05 M INR, and current EBITDA margin is 6.44%. See more stats in ELGI RUBBER CO. LTD financial statements.
Like other stocks, ELGIRUBCO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ELGI RUBBER CO. LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ELGI RUBBER CO. LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ELGI RUBBER CO. LTD stock shows the buy signal. See more of ELGI RUBBER CO. LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.