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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)

Showing technical analysis as on 2024-03-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 335622

Date Daily Closing Price Open High Low Volume
02 Sat Mar 2024 62.60 64.00 64.00 61.50 0.041 times
01 Fri Mar 2024 62.75 61.45 65.00 61.45 0.892 times
29 Thu Feb 2024 61.10 59.20 62.80 58.90 0.385 times
28 Wed Feb 2024 59.20 62.50 63.30 58.10 0.554 times
27 Tue Feb 2024 62.60 65.40 66.45 62.00 0.53 times
26 Mon Feb 2024 66.10 67.90 69.90 65.20 1.782 times
23 Fri Feb 2024 66.80 60.85 68.40 59.65 3.81 times
22 Thu Feb 2024 59.60 56.90 60.00 56.00 0.622 times
21 Wed Feb 2024 57.05 59.50 59.50 56.85 0.221 times
20 Tue Feb 2024 59.25 59.85 59.85 58.55 0.192 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 63.7 as stoploss in an intra day sell trade for a target of 60.75. However, stock will show a bullish move above 63.7.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Target 41.00
Downside Target 45.40
Downside Target 53.85
Downside Target 56.00
Downside Target 59.85
Upside Target 63.90
Upside Target 65.00
Upside Target 67.80
Upside Target 68.40
Upside Target 69.90

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type Value
Downside Intraday Target 57.17
Downside Intraday Target 51.73
Upside Intraday Target 68.97
Upside Intraday Target 75.33
Upside Intraday Target 63.53

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Weekly Closing Price Open High Low Volume
02 Sat Mar 2024 62.60 67.90 69.90 58.10 0.714 times
23 Fri Feb 2024 66.80 58.70 68.40 56.00 2.529 times
16 Fri Feb 2024 59.30 57.95 61.00 53.85 0.736 times
09 Fri Feb 2024 59.80 57.80 67.80 57.00 2.174 times
02 Fri Feb 2024 58.70 60.80 63.90 57.00 2.173 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Elgi Rubber (ELGIRUBCO)

Date Monthly Closing Price Open High Low Volume
02 Sat Mar 2024 62.60 61.45 65.00 61.45 0.063 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
18 Mon Sep 2023 54.05 50.10 59.85 45.40 0.461 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 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 64.39 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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 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 64.39 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. 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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Daily chart
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