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 2024-03-06 View latest technical analysis

10 day averaged volume of Elgi Rubber is 299503

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.70	59.35	59.40	55.00	0.287 times
05 Tue Mar 2024	58.95	61.15	62.55	58.35	0.215 times
04 Mon Mar 2024	61.15	62.50	63.05	60.85	0.131 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	1 times
29 Thu Feb 2024	61.10	59.20	62.80	58.90	0.431 times
28 Wed Feb 2024	59.20	62.50	63.30	58.10	0.621 times
27 Tue Feb 2024	62.60	65.40	66.45	62.00	0.594 times
26 Mon Feb 2024	66.10	67.90	69.90	65.20	1.996 times
23 Fri Feb 2024	66.80	60.85	68.40	59.65	4.269 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.2, but if it comes above 57.2, then a intra day buy could be more profitable.
If you take a sell trade below 57.2, then use 57.2 as stoploss and 53.7 as target. However if you take a buy trade in stock , then use 57.2 as stoploss and 60.06 as target.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	41.00
Downside Target	45.40
Downside Target	53.85
Downside Target	55.00
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	53.45
Downside Intraday Target	50.2
Upside Intraday Target	61.5
Upside Intraday Target	66.3
Upside Intraday Target	58.25

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.70	62.50	63.05	55.00	0.135 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
06 Wed Mar 2024	56.70	61.45	65.00	55.00	0.101 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 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 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 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 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 64.65 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.