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(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 50730

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	57.45	53.90	60.00	52.55	5.074 times
23 Tue Apr 2024	53.20	50.05	54.45	50.00	2.858 times
22 Mon Apr 2024	50.05	49.80	51.00	49.10	0.503 times
19 Fri Apr 2024	49.35	49.00	49.80	48.00	0.474 times
18 Thu Apr 2024	49.70	50.05	50.90	49.20	0.992 times
16 Tue Apr 2024	49.85	50.85	51.25	49.50	0.458 times
15 Mon Apr 2024	49.90	51.30	51.30	48.30	0.906 times
12 Fri Apr 2024	51.30	53.95	53.95	51.10	0.963 times
10 Wed Apr 2024	53.95	55.70	55.90	53.65	0.752 times
09 Tue Apr 2024	54.95	55.50	55.70	52.70	1.834 times

Stock of Elgi Rubber (ELGIRUBCO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 58.1, for a target of 54.8 or 52.15

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	51.03
Downside Intraday Target	44.62
Upside Intraday Target	61.93
Upside Intraday Target	66.42
Downside Intraday Target	55.52

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	57.45	49.80	60.00	49.10	2.981 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
24 Wed Apr 2024	57.45	49.00	60.00	48.00	0.438 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Elgi Rubber Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Elgi Rubber in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 54.02 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.