(ELGIRUBCO) Elgi Rubber complete technical analysis [charts+indicators] | Buy/Sell Elgi Rubber | (ELGIRUBCO) share price targets
Complete technical analysis of Elgi Rubber (ELGIRUBCO) by charts plus indicators, forecast predictions and share price targets for Elgi Rubber (ELGIRUBCO)
10 day averaged volume of Elgi Rubber is 69066
Date | Daily Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 56.35 | 56.50 | 57.70 | 55.00 | 0.785 times |
25 Thu Apr 2024 | 55.90 | 57.75 | 57.75 | 55.60 | 0.466 times |
24 Wed Apr 2024 | 57.45 | 53.90 | 60.00 | 52.55 | 3.727 times |
23 Tue Apr 2024 | 53.20 | 50.05 | 54.45 | 50.00 | 2.099 times |
22 Mon Apr 2024 | 50.05 | 49.80 | 51.00 | 49.10 | 0.37 times |
19 Fri Apr 2024 | 49.35 | 49.00 | 49.80 | 48.00 | 0.348 times |
18 Thu Apr 2024 | 49.70 | 50.05 | 50.90 | 49.20 | 0.729 times |
16 Tue Apr 2024 | 49.85 | 50.85 | 51.25 | 49.50 | 0.336 times |
15 Mon Apr 2024 | 49.90 | 51.30 | 51.30 | 48.30 | 0.665 times |
12 Fri Apr 2024 | 51.30 | 53.95 | 53.95 | 51.10 | 0.707 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 55.6, but if it comes below 55.6, then a intra day sell could be more profitable.
If you take a sell trade below 55.6, then use 55.6 as stoploss and 52.79 as target. However if you take a buy trade in stock , then use 55.6 as stoploss and 58.9 as target.
Share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Target | 44.70 |
Downside Target | 48.00 |
Downside Target | 51.10 |
Downside Target | 53.85 |
Downside Target | 56.25 |
Upside Target | 57.60 |
Upside Target | 57.80 |
Upside Target | 59.85 |
Upside Target | 60.00 |
Upside Target | 63.90 |
Upside Target | 65.00 |
Upside Target | 69.90 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Intraday Target | 50.3 |
Downside Intraday Target | 44.25 |
Upside Intraday Target | 61.2 |
Upside Intraday Target | 66.05 |
Downside Intraday Target | 55.15 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 56.35 | 49.80 | 60.00 | 49.10 | 3.582 times |
19 Fri Apr 2024 | 49.35 | 51.30 | 51.30 | 48.00 | 0.743 times |
12 Fri Apr 2024 | 51.30 | 56.00 | 56.25 | 51.10 | 0.866 times |
05 Fri Apr 2024 | 54.15 | 49.00 | 57.80 | 48.95 | 0.934 times |
28 Thu Mar 2024 | 48.60 | 51.20 | 51.20 | 48.05 | 0.567 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Monthly Closing Price | Open | High | Low | Volume |
26 Fri Apr 2024 | 56.35 | 49.00 | 60.00 | 48.00 | 0.476 times |
28 Thu Mar 2024 | 48.60 | 61.45 | 65.00 | 44.70 | 0.452 times |
29 Thu Feb 2024 | 61.10 | 58.95 | 69.90 | 53.85 | 12.919 times |
31 Wed Jan 2024 | 58.15 | 60.80 | 63.90 | 57.60 | 0.104 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Elgi Rubber (ELGIRUBCO)
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Elgi Rubber in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Rubber is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 54.16 and Elgi Rubber (ELGIRUBCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) stock is negative.
Elgi Rubber Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Elgi Rubber Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Elgi Rubber in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Elgi Rubber is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 54.16 and Elgi Rubber (ELGIRUBCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Elgi Rubber (ELGIRUBCO) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) stock is negative.
Elgi Rubber Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Click here for Elgi Rubber charts
Click here for further forecast and predictions for tomorrow
Daily charts
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