2.30INR
67.5MINR
3.945BINR
About ELGI RUBBER CO LTD
Sector
Industry
CEO
Sudarsan Varadaraj
Website
Headquarters
Coimbatore
Employees (FY)
436
Founded
1981
ISIN
INE819L01012
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.
Analysis Request: Elgi Rubber@sajid11 :
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Jumping to stock analysis(Technical):
It is c
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
Reasons to buy this stockA beautiful Morning start pattern formed with good volume
Bullish volume are significantly larger than bearish volumes recently
MACD and RSI and DEMA indicates a buy.
Trend is bullish with higher highs and higher lows
Look at fib retracement in diagram and its respected so beautifully.
All these in
See all ideas
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