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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 2024-03-21 View latest technical analysis

10 day averaged volume of Elgi Rubber is 151448

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	51.35	49.35	52.00	49.30	0.273 times
20 Wed Mar 2024	48.60	51.25	53.80	47.90	0.512 times
19 Tue Mar 2024	50.90	52.65	53.50	49.95	0.318 times
18 Mon Mar 2024	52.65	51.65	54.90	48.95	1.388 times
15 Fri Mar 2024	49.55	50.90	51.50	48.15	0.467 times
14 Thu Mar 2024	49.55	45.05	52.00	45.05	1.301 times
13 Wed Mar 2024	45.70	50.40	55.00	44.70	3.106 times
12 Tue Mar 2024	49.10	52.40	54.45	45.80	1.354 times
11 Mon Mar 2024	53.05	57.50	59.00	52.05	0.752 times
07 Thu Mar 2024	57.00	56.70	58.55	56.00	0.235 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 50 as stoploss in an intra day buy trade for a target of 56.27. However, stock will show a bearish move below 50.

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	41.00
Downside Target	44.70
Downside Target	47.90
Upside Target	53.85
Upside Target	57.25
Upside Target	59.85
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	47.87
Downside Intraday Target	44.38
Upside Intraday Target	54.87
Upside Intraday Target	58.38
Upside Intraday Target	51.38

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	51.35	51.65	54.90	47.90	0.357 times
15 Fri Mar 2024	49.55	57.50	59.00	44.70	4.697 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

Price has moved up 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
21 Thu Mar 2024	51.35	61.45	65.00	44.70	0.395 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 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 49.19 and Elgi Rubber (ELGIRUBCO) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.