Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-05 View latest technical analysis

10 day averaged volume of Elgi Rubber is 300482

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	58.95	61.15	62.55	58.35	0.214 times
04 Mon Mar 2024	61.15	62.50	63.05	60.85	0.13 times
02 Sat Mar 2024	62.60	64.00	64.00	61.50	0.046 times
01 Fri Mar 2024	62.75	61.45	65.00	61.45	0.996 times
29 Thu Feb 2024	61.10	59.20	62.80	58.90	0.43 times
28 Wed Feb 2024	59.20	62.50	63.30	58.10	0.619 times
27 Tue Feb 2024	62.60	65.40	66.45	62.00	0.592 times
26 Mon Feb 2024	66.10	67.90	69.90	65.20	1.99 times
23 Fri Feb 2024	66.80	60.85	68.40	59.65	4.255 times
22 Thu Feb 2024	59.60	56.90	60.00	56.00	0.694 times

My analysis of stock is bearish for shortterm, and stock might move down till 57.5 or till 54.2. Use a stoploss of 60.36 and if the stock hits stoploss, then it can shoot up till 63.18

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
Upside Target	59.85
Upside Target	63.05
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	57.18
Downside Intraday Target	55.42
Upside Intraday Target	61.88
Upside Intraday Target	64.82
Upside Intraday Target	60.12

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	58.95	62.50	63.05	58.35	0.074 times
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

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
05 Tue Mar 2024	58.95	61.45	65.00	58.35	0.083 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 down 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short 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.

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 SELL. Signal strength is Weak and stock is gaining 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Elgi Rubber in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Elgi Rubber is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.52 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.