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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 2024-04-02 View latest technical analysis

10 day averaged volume of Elgi Rubber is 78500

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	53.80	53.00	54.10	52.05	0.443 times
01 Mon Apr 2024	53.10	49.00	53.95	48.95	0.687 times
28 Thu Mar 2024	48.60	48.20	50.30	48.20	0.777 times
27 Wed Mar 2024	48.55	48.90	50.50	48.10	0.991 times
26 Tue Mar 2024	48.90	51.20	51.20	48.05	1.275 times
22 Fri Mar 2024	50.55	51.55	52.50	49.40	0.564 times
21 Thu Mar 2024	51.35	49.35	52.00	49.30	0.527 times
20 Wed Mar 2024	48.60	51.25	53.80	47.90	0.988 times
19 Tue Mar 2024	50.90	52.65	53.50	49.95	0.613 times
18 Mon Mar 2024	52.65	51.65	54.90	48.95	2.677 times

My analysis of stock is bullish for shortterm, and stock might move up till 57 or till 62.4. Use a stoploss of 52.52 and if this stock hits its stoploss, then it can fall down till 48.04

Share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Target	44.70
Downside Target	47.90
Downside Target	51.20
Upside Target	53.85
Upside Target	55.00
Upside Target	57.60
Upside Target	59.00
Upside Target	59.85
Upside Target	63.05
Upside Target	63.90
Upside Target	65.00
Upside Target	69.90

Intraday share price targets for Elgi Rubber (ELGIRUBCO)

Target Type	Value
Downside Intraday Target	50.47
Downside Intraday Target	47.13
Upside Intraday Target	55.62
Upside Intraday Target	57.43
Downside Intraday Target	52.28

Weekly technical analysis of Elgi Rubber (ELGIRUBCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	53.80	49.00	54.10	48.95	0.371 times
28 Thu Mar 2024	48.60	51.20	51.20	48.05	0.567 times
22 Fri Mar 2024	50.55	51.65	54.90	47.90	0.399 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

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
02 Tue Apr 2024	53.80	49.00	54.10	48.95	0.039 times
28 Thu Mar 2024	48.60	61.45	65.00	44.70	0.452 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

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Elgi Rubber in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term and BUY 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 50.75 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 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 negative.

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