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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 2024-03-07 View latest technical analysis

10 day averaged volume of Elgi Rubber is 287244

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	57.00	56.70	58.55	56.00	0.124 times
06 Wed Mar 2024	56.70	59.35	59.40	55.00	0.3 times
05 Tue Mar 2024	58.95	61.15	62.55	58.35	0.224 times
04 Mon Mar 2024	61.15	62.50	63.05	60.85	0.136 times
02 Sat Mar 2024	62.60	64.00	64.00	61.50	0.048 times
01 Fri Mar 2024	62.75	61.45	65.00	61.45	1.042 times
29 Thu Feb 2024	61.10	59.20	62.80	58.90	0.45 times
28 Wed Feb 2024	59.20	62.50	63.30	58.10	0.647 times
27 Tue Feb 2024	62.60	65.40	66.45	62.00	0.62 times
26 Mon Feb 2024	66.10	67.90	69.90	65.20	2.082 times

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	53.65
Downside Intraday Target	50.3
Upside Intraday Target	61.7
Upside Intraday Target	66.4
Upside Intraday Target	58.35

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	57.00	62.50	63.05	55.00	0.16 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
07 Thu Mar 2024	57.00	61.45	65.00	55.00	0.108 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elgi Rubber stock for short term is SELL. Signal strength is Strong 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 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 moving up

CCI has generated a buy signal for Elgi Rubber in short term but BUY 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 62.79 and Elgi Rubber (ELGIRUBCO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 positive

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