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ELGI Rubber Co Ltd

Stage 3 · Topping · week 2

As of 16 Oct 2026, ELGI Rubber Co is in Stage 3 — topping, where an uptrend loses steam, in week 2 (since 9 Oct 2026). It closed at ₹54.41, 20.7% below its 52-week high and above its 200-day average, which is rising. In Consumer Discretionary, 29.1% of stocks are in Stage 2.

Elgi Rubber Company Limited, together with its subsidiaries, manufactures and sells reclaimed rubber, retreading machinery, and retread rubber in India and internationally. More about the company

₹54.4
+1.44% today
₹272 Cr · Micro cap
Market Neutral — FadingConsumer Discretionary 29.1% in Stage 2-5.5 pts / 20dTires & Rubber 7.7%-30.8 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

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Momentum

Steady

Edge

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Is ELGIRUBCO early, or has it already run? Pro answers that for every NSE stock, after every close.

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vs 52W High
-20.7%
₹33.5 lo₹68.6 hi
20.7% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 2
1w13w26w
Week 2 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
9.6%
200 DMA: ₹49.7 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.16x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -3.8% vs MA50 -2.0%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-4.0%
3M
-12.0%
6M
+0.2%
YTD
+15.5%
1Y
-19.3%
Sector
Consumer Discretionary
↓ Peaking
Stage 2%
29.1%
20d Δ
-5.5pp
1M return
-2.1%
3M return
+0.3%
Sector Stage-2 % · last 20 days
Sector has 131 Stage 2 leaders. See Consumer Discretionary Stage 2 →
Industry
Tires & Rubber
↓ Peaking
Stage 2%
7.7%
20d Δ
-30.8pp
1M return
-2.1%
3M return
-4.9%
Industry Stage-2 % · last 20 days
Industry has 1 Stage 2 leader. See Tires & Rubber Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 17w
S2 15w
S2 37w
S4 25w
S4 21w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 17w → S3 1w → S2 15w → S3 10w → S4 1w → S2 37w → S3 5w → S4 25w → S1 9w → S2 2w → S3 1w → S4 21w → S1 11w → S2 13w → S3 1w current
Total tracked: 169 weeks across 15 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-07-10
3 appearances in last 60 days. First seen: 2024-05-23.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S3
Wk 2 · Vol 0.16x
2026-10-15S3
Wk 1 · Vol 0.29x
2026-10-14S3
Wk 1 · Vol 0.97x
2026-10-13S3
Wk 1 · Vol 0.22x
2026-10-12S3
Wk 1 · Vol 0.22x
2026-10-09S32→3
Wk 1 · Vol 0.38x
2026-10-08S2
Wk 13 · Vol 0.72x
2026-10-07S2
Wk 13 · Vol 1.63x
2026-10-06S2
Wk 13 · Vol 3.93x
2026-10-05S2
Wk 12 · Vol 0.60x
2026-10-01S2
Wk 12 · Vol 0.52x
2026-09-30S2
Wk 12 · Vol 0.32x
Sector Peers — Stage 2All →
SHANTIGOLD
wk 18 · 0.0% from hi
10.0
DPABHUSHAN
wk 8 · -5.9% from hi
9.2
SBC
wk 61 · -1.4% from hi
9.1
DELTACORP
wk 1 · -5.1% from hi
8.8
ISFT
wk 5 · -3.5% from hi
8.6
Moving averages & range
50 DMA
₹57.8
200 DMA
₹49.7
52W High
₹68.6
52W Low
₹33.5
5D Low
₹53.5
Resistance levels (recent highs)
20d High
₹61.6
60d High
₹63
120d High
₹63
250d High
₹68.6
Next resistance
+13.2%
to 20d High
About this companyConsumer Discretionary· Tires & Rubber

Elgi Rubber Company Limited, together with its subsidiaries, manufactures and sells reclaimed rubber, retreading machinery, and retread rubber in India and internationally. It offers tire retread and repair systems under the Jet brand name; expandable rims and hubs under the CRS brand; retreat process equipment under the Armonas brand name; and rasp blades and hubs under the Pincott brand name. The company also provides brazed carbide tools under the Carbrasive brand name; gums, adhesives, and sealants under the Midwest Rubber brand name; tire and tube repair products under the Westernweld name; reclaimed rubber under the Rubber Resources brand name; and retreading consumables under the Kooltread brand. The company was founded in 1981 and is headquartered in Coimbatore, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.