(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 2024-03-12 View latest technical analysis
10 day averaged volume of Elgi Rubber is 114518
Date | Daily Closing Price | Open | High | Low | Volume |
12 Tue Mar 2024 | 49.10 | 52.40 | 54.45 | 45.80 | 1.791 times |
11 Mon Mar 2024 | 53.05 | 57.50 | 59.00 | 52.05 | 0.994 times |
07 Thu Mar 2024 | 57.00 | 56.70 | 58.55 | 56.00 | 0.31 times |
06 Wed Mar 2024 | 56.70 | 59.35 | 59.40 | 55.00 | 0.751 times |
05 Tue Mar 2024 | 58.95 | 61.15 | 62.55 | 58.35 | 0.562 times |
04 Mon Mar 2024 | 61.15 | 62.50 | 63.05 | 60.85 | 0.342 times |
02 Sat Mar 2024 | 62.60 | 64.00 | 64.00 | 61.50 | 0.121 times |
01 Fri Mar 2024 | 62.75 | 61.45 | 65.00 | 61.45 | 2.614 times |
29 Thu Feb 2024 | 61.10 | 59.20 | 62.80 | 58.90 | 1.128 times |
28 Wed Feb 2024 | 59.20 | 62.50 | 63.30 | 58.10 | 1.624 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 50.5, for a target of 55.3 or 59.26
Share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Target | 41.00 |
Downside Target | 45.40 |
Upside Target | 53.85 |
Upside Target | 55.00 |
Upside Target | 57.25 |
Upside Target | 61.00 |
Upside Target | 63.05 |
Upside Target | 63.90 |
Upside Target | 65.00 |
Upside Target | 68.40 |
Upside Target | 69.90 |
Intraday share price targets for Elgi Rubber (ELGIRUBCO)
Target Type | Value |
Downside Intraday Target | 43.6 |
Downside Intraday Target | 38.1 |
Upside Intraday Target | 56.8 |
Upside Intraday Target | 64.5 |
Upside Intraday Target | 51.3 |
Weekly technical analysis of Elgi Rubber (ELGIRUBCO)
Date | Weekly Closing Price | Open | High | Low | Volume |
12 Tue Mar 2024 | 49.10 | 57.50 | 59.00 | 45.80 | 1.417 times |
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 |
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 |
12 Tue Mar 2024 | 49.10 | 61.45 | 65.00 | 45.80 | 0.172 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 57.79 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 negative.
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 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 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 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 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 gaining momentum.
MACD generated a SELL signal for Elgi Rubber in short term and the sell signal is strong.
Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red 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 57.79 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 negative.
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
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Daily charts
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